Cambodia is stepping up its efforts to combat climate change with its Long-Term Strategies for Carbon Neutrality (LTS4CN). This comprehensive plan outlines the nation's roadmap to achieving carbon neutrality by 2050, focusing on economic benefits, social enhancement, and technological innovation. Here are the five key areas you need to know about Cambodia's sustainability strategies:
1. Forestry and Other Land Use (FOLU)
Forestry and Other Land Use (FOLU) is pivotal in Cambodia's carbon neutral strategy. The goal is to reduce deforestation by 50% by 2030 and completely halt it by 2045. Cambodia plans to become a leader in generating carbon sinks through blue carbon projects by 2050. In 2016, the FOLU sector was responsible for 51 MtCO2e of emissions, making it the largest emitting sector. Projections indicate that under the LTS4CN scenario, the FOLU sector will sequester about 50 MtCO2e by 2050.
To achieve these goals, Cambodia is implementing better technology such as satellite imaging, improving urban planning, and also shown through a commitment to environmental sustainability by endorsing the ‘Blue Skies & Net Zero 2050’ campaign.
2. Transition to Renewables and Electric Vehicle (EV) Transportation
Cambodia is committed to modernizing its power grid and transitioning to renewable energy. By creating favorable tariff and tax structures, the country aims to attract investment in renewable energy. In 2016, the energy sector emitted approximately 8 MtCO2e. Under the Business-As-Usual (BAU) scenario, emissions are projected to increase to 83 MtCO2e by 2050. However, the LTS4CN scenario aims for a 66% reduction from the BAU estimate.
Initiatives include upgrading liquefied natural gas infrastructure, nationwide power line upgrades, and introducing incentives for EV adoption. These efforts will not only reduce emissions but also stimulate economic growth through sustainable energy practices.
3. Industrial Processes and Product Use (IPPU)
The Industrial Processes and Product Use (IPPU) sector is another critical area. In 2016, the IPPU sector emitted approximately 1.2 MtCO2e, with the cement industry and refrigeration/air conditioning being major contributors. Emissions are projected to rise to 83 MtCO2e by 2050 under the BAU scenario.
Cambodia aims to reduce emissions by transitioning away from clinker in cement production and increasing concrete recycling. The country is also focusing on more energy-efficient refrigeration and air conditioning systems. Investments in carbon capture technology and research will play a crucial role in mitigating industrial emissions.
4. Waste Management
Although waste management is not the largest emitter, it is crucial for social sustainability. Cambodia's goal is to achieve 85% waste collection coverage by 2050. This includes eliminating open burning practices, increasing household recycling rates by 35%, and treating or composting 50% of organic waste.
The strategy requires public participation, the development of waste treatment plants, and enhanced government regulatory oversight. Effective waste management will not only reduce emissions but also improve public health and living standards.
5. Financing and Government Intervention
The implementation of LTS4CN requires substantial public investment, estimated at $8.9 billion from 2025 to 2050. This includes investments in energy, transportation, forestry, and industrial sectors. Financing starts at $135 million in 2025 and increases to $652 million by 2050.
Government intervention is crucial, with clearly defined roles for the National Council for Sustainable Development, sectoral ministries, NGOs, the private sector, and development partners. Public awareness campaigns and humanitarian investments are also essential to garner citizen support for these initiatives.
Cambodia's commitment to carbon neutrality by 2050 is ambitious but achievable with the right strategies and investments. By focusing on FOLU, renewable energy, industrial emissions, waste management, and robust financing, Cambodia aims to create a sustainable future for its citizens and the global community.
Fairatmos is eager to support Cambodia's climate and sustainability strategies. Stay informed about Southeast Asia's climate initiatives and join us in making a difference by subscribing to our newsletter: https://bit.ly/AtmosNews_Subscription.
Sources:
UNFCCC Cambodia LTS4CN
Phnom Penh Post: Ministry Launches Ambitious Strategy for Carbon Neutrality
DFDL: Cambodia New Article 6 Regulations & Opportunities in the Carbon Credit Market
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