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 April 18, 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: Climate change, Climate finance, Climate policy, Environment, Natural disasters

Keywords: B. climate resilience of water, Climate action, Climate Adaptation, Climate adaptation policy, Climate change, Climate finance, Climate finance steering committee, Climate Mitigation, Climate mitigation policy, Climate policy, Climate policy assessment tool, Climate policy diagnostic, Climate resilience, D. climate finance, District development, Fiscal Policy, Global, IMF resident representative, Natural disasters, Papua New Guinea., Policy consideration

Publication Details

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