Papua New Guinea: Technical Assistance Report-Climate Policy Diagnostic
Papua New Guinea: Technical Assistance Report-Climate Policy Diagnostic
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Volume 2025
Issue 025
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Exports and Imports , Environmental Economics , Environmental Conservation and Protection , Natural Disasters , Public Policy- Environmental Policy , Fiscal Policy , Climate Adaptation , Climate Mitigation , Papua New Guinea , , climate policy diagnostic , climate policy assessment tool , climate resilience , climate mitigation policy , District development , policy consideration , D , climate finance , climate adaptation policy , climate finance steering committee , B , climate resilience of water , IMF resident representative , climate action , Climate change , Climate policy , Climate finance , Natural disasters , Global
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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.
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