Carbon credits a tough sell

26 November 2014
The Phnom Penh Post
Aid and development / Carbon trading and other Payments for Ecological Services (PES) / Climate change / Environment and natural resources
Community Climate and Biodiversity Alliance / Group for the Environment Renewable Energy and Solidarity (GERES) / Julien Chevillard / Mathieu Ruillet / Pact Cambodia / REDD / Reducing Emissions from Deforestation and Degradation program / United Nations Development Programme (UNDP)

Despite one success story emerging in the trade of Cambodia-generated carbon credits, immediate prospects for the environmental trading scheme in Kingdom remain few. … Securing buyers of carbon credits for Cambodian projects is a well-known difficulty. … Pact, however, left the project in July 2013 when the sale of up to $1.2 million worth of generated carbon credit sales, which were intended to fuel the continuation of the REDD+ project, failed to materialise. … Similarly, Julien Chevillard, Cambodia Climate Change Alliance and development finance specialist for the United Nations Development Programme (UNDP), said Oddar Meanchey and the REDD+ program is ongoing despite the long wait for buyers. … From overall environmental project funding, Chevillard said Cambodia received about $180 million on “climate relevant” projects in 2013. …

 Eddie Morton
http://phnompenhpost.com/business/carbon-credits-tough-sell