Cambodia’s High-Income Future Could Be Nuclear

[geovalin]

 

As Cambodia strives towards its Vision 2050 goal of becoming a high-income nation, energy policy is emerging as a critical factor in securing long-term economic and environmental stability. Prime Minister Hun Manet faces the challenge of sustaining rapid growth while addressing climate change, and experts suggest nuclear power may hold the key.

Balancing Growth and Sustainability

With annual growth averaging 7.6% from 1995 to 2019, Cambodia has transformed through textiles, tourism, agriculture, and construction. However, achieving high-income status requires innovation beyond traditional industries. The World Bank’s 2024 report on middle-income nations highlights the importance of investment, infusion of expertise, and innovation to avoid stagnation.

At the same time, Cambodia’s commitments under the Paris Climate Agreement demand net-zero carbon emissions and an increase in forest cover from 43% to 60% by 2050. Achieving these goals while maintaining economic growth presents a complex challenge.

The Case for Nuclear Power

Proponents argue that nuclear energy offers a solution to Cambodia’s dual challenge of industrial advancement and environmental responsibility. Nuclear power could provide stable, low-carbon electricity while enabling high-tech industries such as advanced manufacturing and AI. Additionally, nuclear innovations in direct air and ocean carbon capture could help reverse legacy emissions and combat ocean acidification.

France, a global leader in nuclear energy, as well as Russia and China, have the expertise to assist Cambodia in developing nuclear infrastructure. China, already the primary investor in Cambodia’s hydropower sector, is actively developing thorium reactors, while Western tech giants like Amazon and Microsoft are investing in small modular reactors (SMRs).

A Strategic Energy Policy

Energy independence is increasingly seen as a pillar of national security and economic strength. Cambodia’s strategic non-alignment policy necessitates reducing reliance on any single nation, and diversifying its energy sources could reinforce its autonomy. Without a long-term energy strategy, the country risks economic and environmental setbacks.

As the government considers its options, decisive action will be crucial. Vision 2050 demands bold leadership—one that embraces innovation to navigate the energy transition while safeguarding Cambodia’s future prosperity.

 

-2025-03-22