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PNG Climate Finance Initiative for Resilience and Sustainable Transition (Climate FIRST)

Summary of publication

Large scale funding to address climate change is available to developing countries, including PNG, through global climate funds and the private sector. Climate FIRST ($20 million, 2024-28) will assist PNG to tackle climate change by addressing structural and institutional barriers to accessing global climate financing. Australia has engaged the Global Green Growth Institute (GGGI), to work with the PNG Government to develop investment proposals and broker partnerships, in line with the priority sectors identified in PNG’s Nationally Determined Contribution and National Adaptation Plan.

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