The Association of Banks in Cambodia (ABC) took a first major step towards sustainable lending practices this week by committing to develop sustainable finance principles and ultimately work towards integrating environmental and social safeguards and lending standards into their business decisions.
Category: Cambodia
Why silt is so important for the Mekong
Just as forests are more than only trees, rivers are more than water. The Mekong river carries massive loads of sediment and nutrients from upstream to downstream and across national borders, replenishing and enriching the land as it goes. This process is key to sustaining the ecological integrity of the river and surrounding landscapes, which in turn supports the economy.
However, a boom in sand mining and hydropower development on the Mekong is transforming the river’s sediment flows, with profound consequences for the region if left unchecked. For a prosperous, sustainable future for the region, all Mekong countries must come together now and adopt international standards for managing transboundary river resources.
General implicated in Prey Lang logging
Newly declared protected areas in Prey Lang forest are being illegally logged by companies belonging to a three-star general and his sister, according to Goldman Environmental Prize-winning conservationist Ouch Leng and NGOs with which he is working.
Leng, along with 15 NGO officers, patrollers and environmental activists, allege the forest in Preah Vihear’s Rovieng district is being logged daily by two companies and hauled to a timber processing facility, known as Factory 95.
Video Calls for Angkor Beer Boycott Over Mekong Dam
Community members worried about a major dam being constructed in Laos released a video this week appealing for a boycott of Cambodia’s number one beer manufacturer, Angkor Beer.
“Stop Don Sahong, Boycott Angkor Beer” claims the 32 meter-high dam now under construction will affect the flow of the Mekong River, destroy fisheries and farmland in Cambodia and the lower Mekong, and affect millions of people in neighboring countries—all to generate only 260 MW of hydroelectricity. Of particular concern is the loss of of the last of the Irrawaddy dolphin’s Mekong habitat.
Civil Society Leaders Meet with Cambodian PM, Receive Support for Ongoing Dialogues
Two key civil society organization (CSO) partners of USAID-supported Mekong Partnership for the Environment (MPE), recently met the Cambodian Prime Minister and were able to earn his support for more formal mechanisms for dialog between civil society and government.
Indian Mining Firm Prepares to Dig Deep in Ratanakkiri
The Ministry of Mines and Energy is set to issue the country’s first commercial underground mining license to Indian company Mesco Gold in two weeks, despite opposition by residents of two villages concerned about compensation and environmental damage.
The company plans to break ground on its concession in Ratanakkiri province’s O’yadaw district in about six weeks, said Harsh Sharma, operations director for Mesco Gold, a Cambodia-based subsidiary of New Delhi-based Mesco Steel.
Into the Zone: SEZs in the Mekong Region, Income…or Instability? (Part 1)
The Mekong region is abuzz with news about special economic zones (SEZs). From Thailand’s prime minister telling US business leaders that the Kingdom’s SEZs are a cornerstone to his economic reforms, to Ho Chi Minh City’s mayor wanting 890 km2 designated as an SEZ to revive his city’s economic leadership, to Myanmar’s newly elected government facing increasing pressure to review the outgoing-junta-approved SEZs now underway there—these foreign-investment magnets are picking up steam as ASEAN integration progresses within the Greater Mekong Subregion.
But what’s so special about these zones? Can they unlock new pathways to region’s economic potential, or as the Bangkok Post warned recently, should policy-makers proceed with caution given the immense complexities to securing SEZs’ desired benefits?
Research: Impacts of Dams and Global Warming on Fish Biodiversity in the Indo-Burma Hotspot
Both hydropower dams and global warming pose threats to freshwater fish diversity. While the extent of global warming may be reduced by a shift towards energy generation by large dams in order to reduce fossil-fuel use, such dams profoundly modify riverine habitats. Furthermore, the threats posed by dams and global warming will interact: for example, dams constrain range adjustments by fishes that might compensate for warming temperatures. Evaluation of their combined or synergistic effects is thus essential for adequate assessment of the consequences of planned water-resource developments.
Into the Zone: SEZs in the Mekong Region, Income…or Instability? (Part 2)
While neighboring Thailand’s Special Economic Zones are now progressing without much public consultation or review, Myanmar may be moving in the opposite direction. Its three SEZs which were launched in the waning years of the junta, are now under the direction of the civilian government fully aware of concerns raised by communities and independent researchers, and inclined to take stock of what their predecessors set in motion. At issue are a whole range of social and environmental grievances, as well as the viability of the projects themselves and to what extent they reflect the new leadership’s priorities.
Stakeholders Confirm Need for Public Participation in EIA Processes During Cambodia’s National Public Consultation Workshop
Mekong Partnership for the Environment Key stakeholders related to EIA in Cambodia provided feedback on Cambodia’s draft national guidelines on public participation in the environmental impact assessment (EIA) process during the country’s first national public consultation workshop on 19 July 2016 in Phnom Penh, Cambodia, organized by the Ministry of Environment with the Vishnu Law […]