Phnom penh: Climate change is significantly impacting the economies and development of countries across the region, with Cambodia identified as particularly vulnerable, stated H.E. Dr. Ly Thuch, Senior Minister and Chair of Cambodia’s National ESCAP Committee.
According to Agence Kampuchea Presse, approximately 70 percent of Cambodia’s population relies on agriculture, making it highly susceptible to climate-related disruptions.
H.E. Dr. Ly Thuch made these remarks today during a policy consultation on ‘Enhancing Climate-Responsive Macroeconomic Resilience in Cambodia.’ The event, held at the Himawari Hotel in Phnom Penh, was organised by the United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP) in collaboration with Cambodia’s National ESCAP Committee.
The consultation brought together senior Royal Government officials, experts, development partners, and UN-ESCAP specialists.
Under the leadership of Prime Minister Samdech Moha Borvor Thipadei Hun Manet, Cambodia has implemented strong measures to mitigate and adapt to climate change impacts while bolstering economic resilience, H.E. Dr. Ly Thuch emphasised. The nation is actively pursuing green growth initiatives, including increasing renewable energy use, reducing carbon emissions, and enhancing energy security.
The Senior Minister outlined four key recommendations to strengthen Cambodia’s climate-responsive macroeconomic resilience: Employ intelligent taxation and fiscal instruments to support analysis, planning, and investment decisions related to climate change; Ensure all ministries and agencies integrate climate resilience into their planning processes; Mobilise climate finance and encourage investment in climate-resilient infrastructure, agriculture, and clean energy; and Develop comprehensive national strategies and policies focused on boosting climate resilience.
These efforts demonstrate Cambodia’s commitment to building a sustainable, resilient economy capable of withstanding the challenges posed by climate change, he concluded.