Papua New Guinea: Papua New Guinea

This technical assistance conducts a Climate Policy Diagnostic (CPD) for Papua New Guinea, covering climate adaptation and mitigation policy, as well as enabling institutions.
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Volume/Issue: Volume 2025 Issue 008
Publication date: March 2025
ISBN: 9798229004244
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Topics covered in this book

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Environmental Economics , Natural Disasters , Natural Resources , Public Policy- Environmental Policy , fiscal policy , climate adaptation , climate mitigation , Energy sector , Revenue administration , Climate change , Climate finance , Climate policy , Natural disasters , Water resources

Summary

This technical assistance conducts a Climate Policy Diagnostic (CPD) for Papua New Guinea, covering climate adaptation and mitigation policy, as well as enabling institutions. Climate-related risks are macro-critical considerations for Papua New Guinea, while the country faces acute policy challenges in addressing climate-development nexus. This CPD identifies policy reforms that are good for climate and economic growth and promote fiscal sustainability. A systematic policy approach is needed to strengthen the climate resilience of water supply sector and disaster risk management. Carbon pricing can play a major role in the fiscal policy package to encourage climate actions in the energy and forestry sectors. Increasing the Treasury’s engagement and strengthening cross-sectoral coordination would also help unlock climate investment.