Cambodia’s forests face huge threats from illegal logging, mining and land concessions for plantation crops for export like rubber and sugar. Oddar Meanchey province in the country’s northwest has the highest rate of deforestation of any province in the country. Which should make Oddar Meanchey the perfect place for a REDD project.
In November 2011, the US Government’s Overseas Private Investment Corporation (OPIC) provided the world’s first political risk insurance policy for a carbon offset project. A recent report by Pacific Environment, FERN and Focus on the Global South questions who stands to benefit from this insurance.