Technical Assistance Reports

Papua New Guinea: Technical Assistance Report-Climate Policy Diagnostic

March 14, 2025

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Format: Chicago

International Monetary Fund. Fiscal Affairs Dept. "Papua New Guinea: Technical Assistance Report-Climate Policy Diagnostic", Technical Assistance Reports 2025, 025 (2025), accessed March 15, 2025, https://doi.org/10.5089/9798229002219.019

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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.

Subject: Agricultural sector, Climate change, Climate finance, Climate policy, Economic sectors, Environment, Greenhouse gas emissions, Natural disasters

Keywords: Agricultural sector, Climate Adaptation, Climate change, Climate finance, Climate Mitigation, Climate policy, Fiscal Policy, Greenhouse gas emissions, Natural disasters, Papua New Guinea.

Publication Details

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