Climate finance is vital to help Cambodia address climate change and build a net-zero economy. However, access to this finance remains a significant challenge.      

Australia is providing instrumental support to prepare Cambodia’s Agricultural and Rural Development Bank (ARDB) through its partner Mekong Strategic Capital (MSC), for the establishment of the Cambodia Climate Finance Facility (CCFF), a pioneer initiative to channel climate finance directly to Cambodia’s private sector.   

Housed within ARDB, and co-managed by MSC the CCFF will be funded by the Green Climate Fund (GCF), the Cambodian Government, and other co-financiers with initial capital of US$100 million.  

Through support from Australia’s CAPRED program, the CCFF is expected to be operational by mid-2025 to provide long-term financing to climate change mitigation and adaptation projects in Cambodia.   

Climate resilience is central to Australia’s partnership with Cambodia, as we work together towards resilient, inclusive and sustainable economic development.