Cambodia has launched an initiative to build business case for increased investment in the Kingdom's biodiversity management.
H.E. Tin Ponlok, Secretary General of the Cambodian National Council for Sustainable Development chaired the dissemination of the corporate project, so-called BIOFIN � Biodiversity Finance Initiative, taking place this morning here in Phnom Penh.
Representative of major BIOFIN development partner UNDP also attended the event along with some 150 officials from concerned government institutions and civil society organisations, and students.
The spending on natural resource management is usually higher than the resources we have, so the existence of financing opportunity by BIOFIN will fill up the gaps and promote our effectiveness in the work, highlighted H.E. Tin Ponlok to the participants.
To further maintain the social, economic and environmental value of biodiversity and ecosystems, the Royal Government of Cambodia has been part of the BIOFIN along with other 34 state members globally.
The five-year BIOFIN in Cambodia through UNDP grant will grease Cambodia's effort in managing the country's biodiversity and ecosystem aligning with the rest of the world to achieve the set sustainable development goal.
Cambodia is a hub of biodiversity rich of plants, mammals, birds, fish and reptiles, and the Kingdom's abundant forest are home to endemic plants, ecosystems, and endangered species.
The government has been working hard to increase the protected areas to 41 percent of Cambodia's total land surface, understanding that biodiversity is not only a source of food and livelihoods for Cambodians, but it also represents vital social and cultural values.
Source: Agency Kampuchea Press