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Cambodia – A Frontier Market for Energy Efficiency and Growth

Cambodia - A Frontier Market for Energy Efficiency and Growth

Foreign investment in Cambodia grew more than 800% in the last ten years. Cambodia has been under the radar of investors for years, but seeing as the country has a limited reliance on foreign currency, it is now seen as a good place to diversify any portfolio. The country is seen as the final frontier of Southeast Asia in many aspects, but Cambodia is turning that around as housing prices increase and energy efficiency comes into play with new developments across the country.

Energy Efficiency as a National Priority

Cambodia’s main industry is manufacturing which makes up 80% of the country’s exports. With all this industry, the government has taken measures to make sure that the pollution rates of the country stay in check. Currently, Cambodia’s pollution rate is lower than in neighboring countries with only 1.96 megatons of CO2 emissions annually compared with 6 megatons in Thailand. This is expected to rise at a rate of 3.3% per year. The Royal Government of Cambodia has taken measures such as upgrading the power grid and putting pollution restrictions on new developments to curb this in the future.

What Can You Do From Home?

Increasing your energy efficiency at home in Cambodia should be a priority as well because energy bills will lower and it will help the local environment. Environmentally friendly appliances like dishwashers can help save water and limit waste as the average dishwasher saves 90 litres of water per load. Similarly, growing food at home has a big environmental impact as transport is not needed to get it from farm to plate.

Adapting Your House & Cambodian Initiatives

Electricity is a big concern for many households in Cambodia as the grid continues to grow and prices increase with it. Putting solar panels on the roof of your house is a way to limit your impact on the ever straining grid and save money every month on electricity. In conjunction with this, the Cambodian Firewood Saving Project is an initiative designed to bring new kitchen appliances to Cambodian homes and reduce firewood use. The goal of this project is to reduce the impact on the environment and to promote responsible economic growth in Cambodia.

Cambodia’s Future

Cambodia’s economic future looks bright. Taking environmental protections serious today will not only help businesses and households to grow more efficiently in the future but also make them more sustainable in the long term. Taking the first step begins at home and adapting it to modern environmental standards will pay off environmentally and financially.

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