Phnom Penh 17th March 2016,
50 representatives of the private sector, Government ministries, NGOs and development partners participated in consultations on opportunities to increase private investment in the climate change response.
H.E. Tin Ponlok, Secretary General of the National Council for Sustainable Development (NCSD), indicated that “private sector funds, globally, represented 60% of total climate change finance in 2014”. While public funds, and in particular support from developed countries are extremely important for Cambodia as a developing and climate vulnerable country, rapid economic growth also offers opportunities to increase the flow of private investments in climate-smart solutions. These investments do not only help address climate change impacts on the economy, they also deliver economic, social and environmental benefits and contribute to sustainable growth in Cambodia.