World Bank’s Green Financing Facility to Accelerate Cambodia’s Energy-Efficient Industry Transformation

PHNOM PENH : H.E. Hem Vanndy, Minister of The Ministry of Industry, Science, Technology & Innovation (MISTI), on November 22, 2024 received a delegation from the World Bank to discuss advancing Cambodia’s green industry transformation through the Industrial Energy Efficiency Financing Program (IEEFP) aimed at supporting industrial enterprises to adopt energy-efficient practices.

During the meeting, Minister Vanndy underscored the need to balance environmental goals and economic realities. “Cambodia’s industries face rising demands for carbon neutrality. Transitioning to green practices must be cost-effective to ensure competitiveness, especially as we approach LDC graduation in 2029,”.
Text and images by MISTI

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