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Capacity Building in Green Bonds in Cambodia: Universities Must Play a Key Role to Support the Industry

Ho Varabott
CamEd Business School

ACBSP Region 10 Annual Conference
2023, pp. 73 – 86




This paper discusses, analyzes, and focuses on Green Bonds in Cambodia. In order to prepare for long-term net-zero engagement with the Government Ministries, regulators, private sector, institutional investors, and stakeholders, Cambodia needs to promote and facilitate green financing development and solutions. The objective of the research is to analyze the gap between the Policy of Frameworks on Development of Government Securities objectives and the existing infrastructure and capacity in place. After several face-to-face interviews undertaken in Phnom Penh and desk research, researchers have found that there are still some major challenges to be addressed to promote the Green Bonds in Cambodia and to make it a success. These issues were mostly the same experienced at the earlier stage in Green Bond issuance, particularly in emerging markets, as referred to the research papers cited in our literature references from 2013-2022. The challenges in Cambodia are typical for those in a developing country, however, these may be overcome by an enhanced policy framework, with consistent taxonomy and procedures aligned with the international best practices and guidelines, active and smooth collaboration among market participants, beneficial for the green bond issuance ecosystem, and the required capacity building on technical features and implementation, in order to build trust and recognition of the Green Bond market.

Keywords: Green Bonds, emerging markets, collaboration, stakeholder engagement

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Cite this article in APA 7

Ho. V. (2023). Capacity building in green bonds in Cambodia: Universities must play a key role to support the industry. In Dash, T., R., Charman, K., P. & Sok, U. (Eds.). Celebrating collaborative alliances: Stronger together. ACBSP Region 10 Annual Conference 2023 (73-86). CamEd Business School.

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