Cambodia to promote commercial biogas technologies
BTIC was jointly established by the Royal Agricultural University and the United Nations Industrial Development Organization (UNIDO). The CGCC is a public company, managed under the technical and financial supervision of the Ministry of Economy and Finance.
Under a Memorandum of Understanding (MoU) signed on January 24, the organizations agreed to identify opportunities for collaborative activities and programs to support biogas technology and investment through appropriate risk sharing facilities, and bridging knowledge gaps in the biogas value chain between partners and stakeholders. .
“The signing of the MoU with BTIC is a step towards CGCC’s environmental, social and governance strategies to support the growth of the agricultural sector, which is already one of the key priority sectors in Cambodia,” said Wong Keet. Loong, CEO of CGCC.
“This sector is the main source of local employment and income in rural areas. Since the agricultural sector is the second largest source of greenhouse gas emissions, it will lead to climate changes such as prolonged monsoon rains and higher temperatures, which will have negative effects on this sector. Thus, the importance of reducing climate change is essential for the sustainability of the agro-food and livestock industry.
CGCC will work with financial institutions that support the provision of green finance to support biogas technologies. With technical expertise and support from BTIC in biogas technology, CGCC is committed to working with other stakeholders to promote access to clean energy finance.
BTIC Director Lor Lytour said, “The MoU will enable all key players, including BTIC, CGCC and its banking partners as well as other stakeholders, to work together closely and more effectively on a number of key priorities to respond to needs. Cambodian agro-industry to adopt this biogas technology, which has proven to be an effective and integrated waste management solution.