Sustainable Financing for Climate Change through Community Forestry in the Prey Lang Landscape
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- Date of publication: September 2021
- Institution: Regional Community Forestry Training Center for Asia and the Pacific RECOFTC
- Author: Climate Climate Change Alliance Phase 3
- Language: English
- Type: Document
- Page: 1
Community forest (CF) is a legally recognized framework that aims to place local people at the center of decision-making processes and natural resource management in Cambodia. The Cambodia Climate Change Alliance - phase 3 (CCCA3), funded by the EU, Sweden, and UNDP, has been supporting the Regional Community Forestry Training Center for Asia and the Pacific (RECOFTC) to expand the pilot an innovative approach, a community forestry credit scheme to generate capital for CF activities that contribute to both climate change mitigation and adaptation, including forest restoration, patrolling and financing sustainable livelihood activities in 10 CFs in Kampong Thom and Kratie Provinces.
Tuy Sophon, chief of the credit scheme in O Taneung community forest, said, "As this develops, I hope everyone in the community can borrow in the future." The project also successfully helped the O Taneung community to restore 10.8 ha of their community's degraded forest area, providing much needed cash-for-work support during the Covid-19 outbreak.