Inaugural Green Finance Summit 2025: Accelerating Climate Finance in PNG and the Pacific
March 27, 2025
Port Moresby, Papua New Guinea March 24, 2025- The Green Finance Centre (GFC) is hosting its Inaugural Green Finance Summit to unlock green finance opportunities, foster green investment, and support inclusive growth across key national priorities such as agriculture, sustainable land use and marine resources, renewable energy, women-led enterprises, and small and medium-sized businesses.
The summit will bring together senior government officials from Treasury, Energy, Agriculture, Labor, Forestry, and Environment Ministries in Papua New Guinea, along with leaders from the financial sector, development partners, and private sector stakeholders from Papua New Guinea, the Pacific region, and international markets.
Endorsed by the Government of Papua New Guinea and Bank of Papua New Guinea, the summit is funded by Agence Française de Développement (AFD), Asia Development Bank (ADB), International Finance Corporation (IFC) member of the World Bank Group, and supported by International Monetary Fund (IMF), New Zealand’s Ministry of Foreign Affairs and Trade (MFAT), United National Development Program (UNDP), United Nations Capital Development Fund (UNCDF), Hilton Port Moresby Hotels and Residences, Alliance for Financial Inclusion (AFI), and the Global Green Growth Institute (GGGI).
Aligned with Papua New Guinea’s Inclusive Green Finance Policy (IFGP) and Implementation Roadmap- launched by Prime Minister Hon. James Marape – the summit will serve as a timely platform for PNG to engage with regional and global stakeholders to explore innovative financial instruments and exchange best practices. Central banks from across the South Pacific and Asia will also join to learn and share more about PNG’s progress and explore best practices that can be implemented and adopted locally.
“Papua New Guinea remains committed to developing strong policy frameworks that encourage green investments, providing financial incentives to scale up sustainable projects, and strengthening partnerships with regional and global institutions,” stated Ms. Elizabeth Genia, the Governor of the Bank of Papua New Guinea. “This commitment is aligned with global climate finance goals, including the Paris Agreement, the Sustainable Development Goals, and the Pacific’s regional climate resilience agenda,” she said.
A key highlight of the summit will be the Climate Finance Roundtable featuring IMF, World Bank, and ADB. It will invite policymakers, development finance institutions, and private sector investors to discuss strategic priorities for climate finance and sustainable development across the region. The summit will also look into GFC’s 5-Year Strategy and introduce green finance instruments, including the Green Refinancing Facility (GRF) and Green Guarantee Facility (GGF).
It will unveil its ongoing efforts to develop sustainable loan products, green taxonomy 2.0., and thematic bond guidelines, to foster a more robust and transparent green finance ecosystem. Lastly, the introduction of the Green Finance Leadership program will be featured.
Through this summit, the GFC aims to share its progress with the stakeholders, facilitate meaningful dialogue between locals and international experts, and lay the groundwork for the implementation of practical and impactful sustainable finance initiatives in Papua New Guinea and the Pacific.