News

Gov’t yields $11 million from carbon credit sales

More than $11 million in carbon credits from Cambodian forests have been sold since 2016, the Ministry of Environment announced at its annual year-end conference. The carbon credits were exchanged under the Reducing Emissions from Deforestation and Degradation (Redd+) framework, which allows forested developing countries to ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/govt-yields-11-million-carbon-credit-sales

Carbon credits on table with Germany

Cambodia has asked Germany to buy some of the Kingdom’s carbon credits earned from preserving its natural resources. Interior Minister Sar Kheng made the request during a visit to Germany which concluded yesterday, a ministry statement noted. It said Cambodia requested Germany to study the possibility, ...

Khy Sovuthy
https://www.khmertimeskh.com/50646972/carbon-credits-on-table-with-germany/

Disney buys up carbon credits in Mondulkiri

The Walt Disney Company has purchased $2.6 million in carbon credits in the forests of Mondulkuri province – marking the largest carbon credit sale to date in Cambodia and breathing life into a carbon-trading program many had written off as all but dead. ...

Phak Seangly and Kali Kotoski
http://www.phnompenhpost.com/national/disney-buys-carbon-credits-mondulkiri

Satellite Shots to Help Settle Deforestation Claims

New satellite images of Oddar Meanchey province promise to help settle wildly conflicting deforestation estimates inside a 64,000-hectare area, which is set to anchor the country’s first forest-based carbon trading scheme. With the project potentially ready to sell carbon credits to foreign firms in a matter ...

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