Cambodia in major renewable energy deal with Singapore
Cambodia is leading Southeast Asia’s transition to cleaner energy. After submitting its long-term strategy for carbon neutrality to the United Nations, it is now currently working with Singapore to become a major exporter of clean energy in the region. PHNOM PENH –Ā CambodiaĀ is leadingĀ Southeast Asia’sĀ transition to cleaner energy, and it’s gaining momentum. Following the submission of the country’s long-term strategy for carbon neutrality to the United Nations, the Royal Government introduced the Power Development Masterplan (PDP) and the National Energy Efficiency Policy (NEEP) to the public. These initiatives demonstrate the government’s unwavering commitment to the energy transition and the nation’s first long-term energy plan for coordinated and strategic energy direction. “By adopting best practices, we can reduce our greenhouse gas emissions, create new jobs, and position Cambodia as a leader in the region,” said Prime Minister Hun Sen. “Investing in energy efficiency and renewable energy is key to building a more sustainable future for our people and our planet.” Energy efficiency is a critical aspect of Cambodia’s clean energy transition, with the government committing to reducing energy consumption by 19% in relation to business-as-usual levels by 2030. The National Energy Efficiency Policy lays out strategic directions, priority areas, and sectoral targets, with Minister of Mines and Energy, Suy Sem, stating that “To harness the full potential of energy efficiency, developing a robust policy and regulatory framework, building stakeholder capacity, raising awareness of the benefits, and supporting private sector investment are crucial.” Furthermore,Ā CambodiaĀ is currently working withĀ SingaporeĀ to become a major exporter of clean energy in the region. The deal, which is still at the commercial negotiation stage, would seeĀ SingaporeĀ importing 1Ā GW of renewable energy annually fromĀ Cambodia, making up a quarter of their low-carbon electricity importsĀ by 2035.Ā The potential exports toĀ Singapore would contribute toĀ Cambodia’sĀ positive impact on the world and solidify its position as a leader in the clean energy industry […]
