Cambodia and South Korea Launch Landmark Carbon Project Under Paris Agreement
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Cambodia and South Korea have jointly launched the Kingdom’s first carbon credit initiative under Article 6 of the Paris Agreement, marking a significant step in climate cooperation. The “ITMO Project through Charging Infrastructure for E-Mobility Promotion in Cambodia” was officially unveiled on July 21, with support from Cambodia’s Ministry of Environment and South Korea’s Ministry of Trade, Industry and Energy.
Led by Korean firm Verywords Inc., the project will donate 8,000 electric scooters for use by Cambodian government officials. It also includes the installation of over 200 nationwide charging stations and two years of maintenance support. These measures aim to support Cambodia’s low-carbon transition and clean transport goals.
Over a 10-year period, the initiative is expected to generate around 683,000 tonnes of carbon dioxide equivalent (tCO₂e) in mitigation outcomes, with 90% of the credits transferred to South Korea under Article 6. The project could also create up to 400 green jobs, further advancing sustainable development in Cambodia.
Speaking to the Phnom Penh Post, Environment Minister Eang Sophalleth reaffirmed Cambodia’s commitment to climate action and international collaboration. South Korea’s energy director-general, Peob-min Ryu, praised the initiative as a model for broader cooperation in electric mobility and sustainable infrastructure.
The Global Green Growth Institute (GGGI) played a pivotal role in aligning the project with Cambodia’s Article 6 implementation framework. GGGI director-general Sang-Hyup Kim highlighted the project as a breakthrough in carbon market development, stating it could unlock further climate finance opportunities for Cambodia.
Utilising the Clean Development Mechanism (CDM) methodology AMS.III.C, the project sets a precedent for credible and scalable carbon transactions, reinforcing Cambodia’s leadership in climate innovation and the effectiveness of public-private partnerships.
Source: phnompenhpost.com
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