Synopsis: Cambodia and South Korea team up to promote electric mobility with historic carbon credit initiative.
Cambodia’s initial Internationally Transferred Mitigation Outcomes (ITMO) project, which aims to improve electric vehicle charging infrastructure to enhance e-mobility, has been legally approved by the Ministry of Environment and the Ministry of Trade, Industry and Energy (MOTIE) of South Korea.
This programme signifies a milestone as Cambodia’s first authorised carbon reduction initiative, facilitating the exchange of mitigation outcomes with South Korea in accordance with Article 6 of the Paris Agreement.
Cambodia is committed to participating in international carbon markets and securing future climate funding through carbon trading. At the authorisation ceremony in Phnom Penh, attended by more than 150 people, Minister of Environment Eang Sophalleth said that the government’s goal is to address climate change and promote sustainable development through global cooperation.
Developed by the Korean platform company Verywords Inc., the initiative will involve donating 8,000 electric scooters for use by Cambodian public officials, alongside the installation of more than 200 charging stations across the country. The company will also provide two years of after-sales service to ensure the long-term sustainability of the project.
These contributions aim to support Cambodia’s clean transport agenda and accelerate its shift towards a greener, low-carbon economy. The project will generate mitigation outcomes based on internationally recognised methodologies, specifically the Clean Development Mechanism methodology AMS.III.C.
These mitigation outcomes—estimated to be around 683,000 tCO₂e over 10 years—will see 90% of this total transferred, with appropriate adjustments, to the Republic of Korea under the framework of Article 6 of the Paris Agreement. Besides its climate benefits, the project is expected to generate up to 400 green jobs, supporting sustainable economic growth.
MOTIE Director General Peob-min Ryu congratulated Verywords Inc. and its partners, said that the ceremony marks a beginning that opens opportunities in public transport, electric mobility, and sustainable infrastructure.
The Global Green Growth Institute, an intergovernmental organisation, assisted the Royal Government of Cambodia in aligning the project with the Operations Manual for implementing Article 6 of the Paris Agreement on Climate Change in Cambodia, ensuring adherence to international standards and best practices.
GGGI Director General Sang-Hyup Kim said this milestone marks a key step in implementing Article 6 in Cambodia. Carbon trading within this framework is vital for mobilising climate investments for member states and partners.
GGGI is proud to partner in Cambodia’s first authorised Article 6 carbon project, enabling high-impact, high-integrity carbon trades between Cambodia and Korea. This initiative is expected to open more climate finance opportunities with potential buyers.
Monday’s event celebrated the approval for the ITMO Project, emphasising Cambodia’s leadership in market-based climate solutions and public-private partnerships to boost environmental innovation. It also highlighted international collaboration’s role in enabling scalable climate solutions regionally.
Source | KMER TIMES, July 23, 2025
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