By Hang Sokunthea, April 28, 2017
Promising energy cost savings and more traction in overseas markets, the concept of “green business” in Cambodia has seen increasing popularity, particularly in the construction sector, attendees at an annual forum said on Thursday.
“If you put in place a green-building design for a condominium in Phnom Penh that’s 12 stories high…our study shows that your energy reduction would be around 67 percent and your water reduction would be around 27 percent,” said Fiona Lord, a country representative for Global Green Growth Institute, who was one of the organizers of the Europe Chamber of Commerce Cambodia’s Green Business Forum.
In its fourth year, the forum is now moving beyond merely explaining the concept to presenting practical tools that businesses can use to implement the concept, Ms. Lord said.
Benefits include cost efficiencies and promoting corporate social responsibility credentials, she said.
“It’s cheaper to purchase solar energy than normal electricity. That’s why the business model now becomes mainstream in Cambodia,” she said.