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With the launching of the ‘Nationwide Power Effectivity Coverage 2022-2030’ by Prime Minister Hun Sen, the federal government has kicked off measures to scale back vitality consumption by boosting vitality effectivity.
The coverage has been initiated to deal with the rising vitality consumption within the Kingdom. It units a nationwide goal for the discount of whole vitality consumption (thermal and electrical) by at the least 19 per cent by the yr 2030 from 89,837 GWh to 72,470 GWh.
The initiative is available in gentle of per capita electrical energy consumption rising at 18 per cent year-on-year throughout 2010-2019, whereas electrical energy demand elevated greater than fourfold over the identical interval.
In an announcement issued as a part of the launch, Mr Hun Sen stated his authorities adequately locations vitality effectivity as one of many key approaches underpinning the event of Cambodia’s vitality sector.
“The advantages of vitality effectivity are multifold and throughout a number of sectors. By leading to vitality financial savings, vitality effectivity reduces end-use vitality prices, thereby enabling the common citizen to mobilize its monetary assets to different financial actions and in addition companies and industries to extend their competitiveness,” the Prime Minister stated.
Mr Hun Sen stated the advantages of vitality effectivity are multifold and throughout a number of sectors. “Power effectivity additionally strongly helps our ambition to decrease Cambodia’s dependency on vitality imports and scale back the necessity for investments in new vitality infrastructure, which can ultimately lead to a discount of end-user vitality costs.”
Underpinning Cambodia’s want to meet its commitments beneath the Paris Settlement on Local weather Change, the premier stated the coverage goals to make Cambodia a robust, vibrant and aggressive financial system whereas fostering sustainable growth.
“The coverage additionally lays out an bold goal for the discount of vitality consumption by 2030 by vitality effectivity by at the least 19 per cent.”
“Power effectivity can even allow finish customers to understand vitality financial savings, thereby reducing their energy-related expenditures,” he added.
Suy Sem, Minister of Mines and Power, stated the coverage was ready after a radical evaluation of worldwide finest practices and by taking into consideration the precise circumstances of the nation, together with previous and future vitality consumption traits, availability and affordability of vitality effectivity applied sciences, and funding necessities.
As per the coverage, particular targets are set for each vitality consumption sector; whereas the best (34 %) is for the residential sector, the bottom (5 per cent) has been set for the transport sector.
In accordance with the Ministry of Mines and Power, vitality effectivity is outlined as a discount within the quantity of vitality consumed while sustaining the identical or higher stage of output. “By enabling a acquire within the quantity of ‘output’ delivered from a unit of vitality used, vitality effectivity is a significant method to decreasing vitality demand and realise vitality value financial savings, thereby bettering vitality safety, the affordability of vitality companies, and the environmental sustainability of vitality provide.”
The ministry identified that the potential for vitality effectivity stays largely untapped in Cambodia. “Leveraging these alternatives may lead to a number of advantages together with enchancment in vitality safety, discount of vitality value and better total financial competitiveness, discount of dwelling prices and poverty alleviation, discount of greenhouse fuel emissions (GHG) and different environmental pollution aside from the creation of latest markets for vitality effectivity applied sciences and companies.
The monetary devices that will likely be used to mobilise finance for vitality effectivity embody fiscal and non-fiscal incentives, devoted funds for vitality effectivity, carbon finance devices, inexperienced bonds together with worldwide local weather and clear vitality funds. The steps can even embody establishing a monitoring and analysis system and an information administration system.
Cambodia’s electrical energy demand has elevated considerably within the final decade, with electrical energy consumption extra
than quadrupling from 2,515 GWh in 2010 to 11,816 GWh by the tip of
2021. Annual electrical energy consumption per capita has additionally greater than
quadrupled, from 161 kWh per particular person in 2010 to 706 kWh per particular person per
yr in 2021.
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