The eight countries are members of the Global Environment Facility (GEF), an international grouping formed to provide money and technical support to combat major environmental challenges.
The $340 million in funding comprises $45 million from Cambodia and the other GEF countries and $295 million from international agencies and environmental organisations.
The new programme “is aimed at reshaping the supply chains of the fashion and construction sectors,” GEF members said in a joint statement.
“This effort will promote regenerative design, the replacement of non-renewable materials, resource-efficient production, responsible purchasing behaviour and improved post-use waste collection,” it noted.
“Cambodia’s move away from provides an opportunity to enhance its industrial sectors and ensure a more sustainable economic future,” the country’s environment minister Eang Sophalleth said at the signing ceremony.
Cambodia, due to graduate from the least developed nation (LDC) status in 2029, will reduce plastic and other hazardous waste and focus on waste water management under the project.
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