Output 1: Public sector has enhanced capacities for effective governance of climate finance

Strengthening climate-responsive public investment management 

• The challenge: Climate hazards like flooding and extreme rainfall increasingly damage Cambodia’s rural infrastructure, inflating lifecycle costs and disrupting essential services.
• The approach: Developing operational manual for public investment in rural road infrastructure that integrates climate risk management into rural road planning, design, and implementation, alongside targeted capacity building.
• The impact: More climate-resilient rural road infrastructure, more efficient allocation of public resources, and stronger institutional capacity to integrate climate risk into public investment decisions.

Financing national climate goals through integrated financing strategy 

• The challenge: Mobilizing resources to implement Cambodia's Nationally Determined Contribution (NDC3.0) goals.
• The approach: Develop a comprehensive NDC3.0 financing strategy that blends public budgets, private investment, and international climate funds.

• The impact: A clear, implementable roadmap for financing Cambodia's climate action through 2035.

   

Output 2: Capacities for leveraging alternative sources of climate finance (domestic/international) enhanced

Expanding green financing

• The challenge: Expanding access to finance for green projects and promoting sustainable business practices across the public and private sector.
• The approach: Enhancing the Sustainable Green Financing Facility (SGFF), supporting the implementation of sustainable finance taxonomy, providing capacity-building programs for participating financial institutions to unlock green loans, updating Guidance for Issuing green, Social and Sustainability bonds, and building institutional capacity and delivering technical support required to issue sovereign thematic bonds 

• The impact: Increased public and private sector access to green finance and broader adoption of sustainability standards.

   

Output 3. Climate Finance is inclusive, transparent, and accountable

Strengthening Community’s Adaptive Financial Resilience

• The challenge: Household resilience to climate shocks depends on a mix of social protection, emergency response and financial services.
• The approach: Building a granular understanding of how people — including women and girls facing compounding vulnerabilities — are coping, and what services, policy and budgetary gaps remain at the national and subnational levels and exploring opportunities for earmarking a portion of pension reserves for climate adaptation directly benefiting vulnerable households
• The impact: shaped frameworks for adaptive financial resilience, aligned with Cambodia's National Adaptation Plan and Locally Led Adaptation approach.