PNG Signs Green Climate Fund Agreement

Climate change financing for capacity-building, technology transfer could follow

PORT MORESBY, Papua New Guinea (The National, Nov. 1, 2016) – Foreign Affairs Minister Rimbink Pato has signed a Green Climate Fund (GCF) privileges and immunities agreement which would enable PNG to benefit from the fund.

Environment Minister John Pundari told Parliament last Friday that PNG was ready to implement aspects having ratified the Paris Agreement through the Climate Change Development Authority (CCDA).

He said this included receiving assistance for capacity-building assistance, technology transfer and climate finance from developed countries for mitigation of climate change and adaptation to the effects of disasters in rural communities.

“The instrument of ratification for the Paris Agreement was deposited in New York on Sept 21 by Pato while attending the United Nations General Assembly,” Pundari said.

“PNG, together with other smaller island states and developing countries, will access climate finance to address and mitigate climate-related disasters and events.

“Section 37 of the Climate Change Management Act provides for the establishment of the Climate Change and Green Growth Trust Fund and Section 39 sets out the resources of funding, which includes funds drawn from REDD+ result-based finance.

“Once internal revenue starts to be generated through various funding sources within CCDA, it will make funding available to areas of priority related to climate change and low carbon growth development.

“That is the vision I have for the organisation, not only to be self-sustaining but a one stop shop for climate change finance and assistance.

“In doing so, we will cut out all the lost money that is funnelled through to fly-in and fly-out so-called development partners,

“I thank Minister Pato and Prime Minister Peter O’Neill for ensuring that we signed the agreement to ensure privileges and immunities to the GCF senior officials.”

Pundari said the Government endorsed and approved the national climate compatible development management policy in 2014, the Climate Change Management Act in 2015 and the approval of the ratification of the Paris Agreement with the United National Framework Convention on Climate Change Paris Agreement Implementing Act which was done last month.

He said the United Nations Convention on Climate Change, the Kyoto Protocol and the new Paris Agreement which supersedes the Kyoto Protocol were critical on this point.

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Comments

Thankyou sir seeing the signing agreement GCF in png. I really appreciate it. My simple question is, how small people of png will benefit from GCF? This is very need for the very bark of the peopl of PNG>. Pls I need further clarification, on this.

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