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Papua New Guinea: Technical Assistance Report-Climate Policy Diagnostic
Author:
International Monetary Fund. Fiscal Affairs Dept.
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Series:
Technical Assistance Reports
Volume/Issue:
Volume 2025: Issue 025
Language:
English
Publication Date:
14 Mar 2025
DOI:
https://doi.org/10.5089/9798229002219.019
ISBN:
9798229002219
ISSN:
3005-4575
Pages:
70
Keywords:
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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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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Cover Technical Assistance Reports
Technical Assistance Reports
ISSN:
3005-4575
Publisher:
International Monetary Fund