"Thai Deputy Defense Minister Condemns Cambodia Over Landmine Incident Injuring Thai Soldiers; Keo Remy, however, warned, 'Please do not walk like a crab.'" | BREAKING: Tensions Escalate: Thai Troops Prepare to Launch Unauthorized Attack on Cambodian Territory Amid Internal Political Strife | Cambodia Rebuts Thailand’s Baseless Landmine Allegations and Urges Diplomacy to Maintain Regional Peace | Cambodia Accuses Thailand of Using Landmine Incidents as a Political Tool and Violating Ceasefire Agreements | Breaking: Kandal Provincial Police Arrest Notorious Lotion Manufacturer Love Riya | Cambodia Clarifies Misleading Claims About Ottawa Convention Meeting in Bangkok | Cambodia, China, and Thailand Discuss Regional Cooperation and Border Disputes at Mekong-Lancang Meeting | Smile Asia Philanthropic Visionary Award” Presented to Dr. Pich Chanmony Hun Manet | Cambodia & Thailand Call for Restraint and Adherence to International Agreements | International Observer Team Conducts Monitoring Visit Following Cambodia–Thailand Ceasefire Agreement | Cambodia, Vietnam Strengthen Ties in High‑Level Video Conference; Aim for $20B Trade |
"Thai Deputy Defense Minister Condemns Cambodia Over Landmine Incident Injuring Thai Soldiers; Keo Remy, however, warned, 'Please do not walk like a crab.'" | BREAKING: Tensions Escalate: Thai Troops Prepare to Launch Unauthorized Attack on Cambodian Territory Amid Internal Political Strife | Cambodia Rebuts Thailand’s Baseless Landmine Allegations and Urges Diplomacy to Maintain Regional Peace | Cambodia Accuses Thailand of Using Landmine Incidents as a Political Tool and Violating Ceasefire Agreements | Breaking: Kandal Provincial Police Arrest Notorious Lotion Manufacturer Love Riya | Cambodia Clarifies Misleading Claims About Ottawa Convention Meeting in Bangkok | Cambodia, China, and Thailand Discuss Regional Cooperation and Border Disputes at Mekong-Lancang Meeting | Smile Asia Philanthropic Visionary Award” Presented to Dr. Pich Chanmony Hun Manet | Cambodia & Thailand Call for Restraint and Adherence to International Agreements | International Observer Team Conducts Monitoring Visit Following Cambodia–Thailand Ceasefire Agreement | Cambodia, Vietnam Strengthen Ties in High‑Level Video Conference; Aim for $20B Trade |

Australia Supports Cambodia's First Green Finance Initiative

  • Posted Sep 4, 2024 10:06 by EAC News
  • 10971
  Aa |   aA

Phnom Penh, September 4, 2024 — Climate finance is crucial for Cambodia's efforts to tackle climate change and build a net-zero economy. However, securing access to this funding remains a significant challenge for the country.

Australia is playing a key role in supporting Cambodia's Agricultural and Rural Development Bank (ARDB) through its partner, Mekong Strategic Capital (MSC), in the development of the Cambodia Climate Finance Facility (CCFF). This pioneering initiative aims to channel climate finance directly to Cambodia’s private sector, addressing the funding gap for climate-related projects.

The CCFF will be established within the ARDB and co-managed by MSC. It will be financed by the Green Climate Fund (GCF), the Cambodian government, and other co-financiers, with an initial capital commitment of USD 100 million.

Supported by Australia's CAPRED program, the CCFF is expected to become operational by mid-2025. The facility will provide long-term financing for projects focused on climate change mitigation and adaptation, helping to strengthen Cambodia's climate resilience.

Building climate resilience is a key component of Australia's partnership with Cambodia, as both nations work towards resilient, inclusive, and sustainable economic development.


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