The Kingdom of Cambodia has submitted the Long-Term Strategy for Carbon Neutrality (LTS4CN) to the United Nations Framework Convention on Climate Change (UNFCCC) last Friday.
This submission is in line with the commitment made by Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister, during the 2020 United Nations Climate Ambition Summit, to submit such a strategy by the end of 2021, said a press release of the Ministry of Environment, stressing that it is a highly significant step for Cambodia, a strong supporter of multilateral action on climate change, to reflect leading by example on climate change action.
According to the press release, LTS4CN aims to serve as a roadmap based on comprehensive analysis and modeling of relevant economic sectors, including priority mitigation actions to achieve the country’s goal of a carbon neutral economy in the future. It takes into consideration the balance between emission reductions, economic growth, social justice, and climate resilience.
Cambodia is one of only 49 parties to the convention to have made this submission to date, and only the second Least Developed Country to submit a strategy with a clear target for carbon neutrality by 2050. This is yet another testament to Cambodia’s consistent, strong commitment and political will to address climate change.
Although Cambodia is a low contributor to global Greenhouse Gas (GHG) emissions, through the LTS4CN, the country commits to continuing her efforts in partnership with the international community to reduce GHG according to the principle of “common but differentiated responsibilities and respective capabilities”.
Cambodia can achieve carbon neutrality by 2050 through continued efforts to implement the REDD+ strategy and forestry reforms, including development of a sustainable forestry sector; gradual decarbonisation of our power and transport sectors, and higher energy efficiency; and promotion of low-carbon agriculture, industrial processes, and waste management.
Implementation of the LTS4CN is expected to deliver an additional 2.8 percent of annual GDP growth (US$ 4.2 billion) by 2050; to create 449,000 additional jobs; and to promote the implementation of green economy and low carbon growth.
Source: Agency Kampuchea Press