Green industry boosts SMEs, cuts emissions

Green industry boosts SMEs, cuts emissions

 

At least 55 factories and small and medium-sized enterprises (SMEs) have been benefiting from a green industrial plan that has made sustainable practices accessible and scalable and have also participated in promoting renewable industry in Cambodia.

The framework was developed in collaboration with the Ministry of Industry, Science, Technology and Innovation, the Ministry of Environment and the UN Industrial Development Organisation (UNIDO).

It has successfully implemented an environmental project called Low-carbon Development for Productivity and Climate Change Mitigation through the Transfer of Environmentally Sound Technology (TEST) Methodology, aiming to address pollution issues and promote sustainable industry in the country, according to a recent announcement from UNIDO.

Rana Pratap Singh, project manager for the UNIDO programme, said it supported the beneficiaries by providing them with a green industrial strategy that made sustainable practices feasible.

“By doing so, the project contributed to improving the manufacturing conditions at these factories and SMEs and supported their green transition. As a result, the [beneficiaries] were able to save resources and increase productivity by 10 to 20%, leading to an annual saving of around $10 million per year,” he said.

“Additionally, it facilitated reaching $10 million in investments. The success of TEST is a concrete example of the greening industry for other developing countries,” he added.

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Author: May Kunmakara

Publication Date: 24 December 2023

Source: The Phnom Penh Post