GGGI Papua New Guinea

🌍 Uniting for a Sustainable Tomorrow: PNG and Korea Take Bold Steps to Combat Plastic Pollution! 🌱 December 2, 2024, marked a pivotal moment in the fight against plastic pollution as the Embassy of the Republic of Korea 🇰🇷 and the Global Green Growth Institute (GGGI) successfully hosted the Climate Action Seminar in Port Moresby, PNG. Themed “Rethinking Plastic: Building Resilient Communities and Ecosystems in PNG”, this groundbreaking event brought together global leaders, experts, and changemakers to tackle one of the most pressing environmental challenges of our time. 🌊✨ 🗣 A Call to Action: The seminar focused on raising awareness of plastic pollution’s devastating impacts on PNG’s biodiversity, health, and economy. It also explored transformative strategies, including partnerships and local innovations, to address waste management and implement the Plastic Pollution Treaty in PNG. Notably, this event coincided with global treaty negotiations in Busan, South Korea, underscoring the urgency of united global efforts to reduce plastic production by 40% by 2040. 🌍🤝 🌟 Inspiring Leadership: H.E. Choi Jongho, South Korean Ambassador to PNG, commended PNG's leadership in banning single-use plastics and called for stronger collaboration inspired by Korea’s success in waste management. His words were a rallying cry: “Although PNG contributes just 1.3% of global plastic waste, its impact is significant. Let us combine efforts to secure a sustainable future!” Ms. Debra Sungi, Acting Managing Director of Climate Change and Development Authority - Papua New Guinea, highlighted the urgency of partnerships, policies, and innovative solutions to address the 282 tons of daily plastic waste harming PNG’s marine ecosystems and rural livelihoods. 💡 Key Highlights: A vibrant panel discussion explored local and global approaches to plastic pollution, featuring insights from government officials, waste management experts, and private sector leaders. Among the key takeaways: 1️⃣ Grassroots Action: Community engagement is critical. Simple, accessible solutions empower change. 2️⃣ Accountability: Manufacturers must take responsibility for their products’ life cycle. 3️⃣ Innovation: From turning plastics into road materials to cutting-edge recycling technologies, creativity drives progress. 4️⃣ Partnerships: Collaboration across governments, NGOs, and businesses is non-negotiable. 👩🔧 Empowering Communities: Special emphasis was placed on empowering women and communities in waste collection and recycling, creating both economic opportunities and environmental stewardship. 🌿 Looking Ahead: This seminar reaffirms PNG and Korea’s shared commitment to a greener future through knowledge-sharing, innovation, and action. It’s a reminder that together, we can rethink plastics, protect ecosystems, and build resilience. 💚 The time to act is now. Let’s champion sustainability and create lasting change for our planet. 🌏♻

🌍 The Global Green Growth Institute (GGGI) participated in the 39th South Pacific Governors' Meeting in Nadi, Fiji last week focusing on sustainable finance and climate resilience. Governor Ariff Ali of the Reserve Bank of Fiji opened the meeting with a powerful statement: "Climate change is an existential threat to our region. Central banks have a pivotal role in aligning our financial systems with sustainability goals to support climate actions and long-term resilience." Led by Regional Director-Pacific Katerina Syngellakis, GGGI's delegation engaged with central bank leaders from across the Pacific, including Australia, New Zealand, Fiji, PNG, Samoa, Tonga, Solomon Islands, and Vanuatu. They discussed progress on the Greening the Pacific Financial System (GPFS) programme, funded by Agence Française de Développement, and explored new ways to accelerate sustainable finance initiatives. A key outcome was the Governors' endorsement of GPFS’s 2025 workplan, demonstrating a strong collective commitment to sustainable finance in the Pacific region. 🌱 For more details: https://lnkd.in/e-bapv4u #GGGI #SustainableFinance #ClimateResilience #GreeningThePacific #PacificGovernors #ClimateAction #SustainabilityGoals #GreenGrowth #GGGIinAction #ClimateChange

🌍 Discover Our New Video: Introducing the Carbon Transaction Facility (CTF)   As COP29 comes to a close, it’s the perfect time to spotlight GGGI’s latest initiative driving global climate action: the Carbon Transaction Facility (CTF).   In this video, join Fenella Aouane, GGGI’s Director and Head of Carbon Pricing, to explore: ✅ What is Article 6 of the Paris Agreement? ✅ The Challenges of Scaling up Article 6 ✅ Our Solution ✅ Our Vision   Overall, you will understand better how the CTF aims to unlock global carbon markets and accelerate climate action—one trade at a time.   #CarbonTransactionFacility #ClimateAction #ParisAgreement #Article6 #ClimateChange GGGI Pacific GGGI Africa GGGI Latin America & the Caribbean GGGI Cambodia GGGI Thailand GGGI India

🌿🌍 Paving the Way for a Greener Tomorrow 🌍🌿   Kina Bank is proud to take a bold step towards a sustainable future! They’ve joined forces with the Bank of Papua New Guinea (BPNG) and the Global Green Growth Institute (GGGI) by signing a Memorandum of Understanding (MoU) that marks their commitment to the Inclusive Green Finance Policy (IGFP). ✍💚   This partnership is about more than just green loans – it’s about building a resilient financial system that prioritizes both people and the planet with the support of the Green Finance Centre (GFC) to empower institutions to innovate and drive environmentally conscious solutions that will shape the future of finance in Papua New Guinea. 🌏💡🌿   As the fifth financial institution to join the IGFP movement alongside leaders like ANZ, BSP Financial Group Limited, MiBank PNG and Women's Micro Bank, all working together to prove that financial inclusion and sustainability can go hand-in-hand. 💚🤝   With the guidance of the GFC, Kina Bank is ready to lead the way, offering innovative green loan products and programs that will create a lasting impact on both our economy and our environment. 🌳🚀🌍💼   Link to Press Release: https://lnkd.in/gSq7qBh9 #KinaBank #BPNG #GGGI #GreenFinance #SustainableFuture #InclusiveGreenFinance #PapuaNewGuinea

📢 #GGGIatCOP29 Exciting discussions at our session Importance of Gender Mainstreaming in Nationally Determined Contributions- Identifying Gaps, Innovative and Effective Measures, Sharing Success! 💚 Join UN Women, Pakistan’s Ministry of Climate Change, and the Global Green Growth Institute (GGGI) for a side event highlighting how gender considerations are integrated into Pakistan’s NDC Technology Roadmap. The event will focus on prioritizing technologies in the waste and water sectors that promote gender equality and empower women in building climate resilience. 💚 Through the NDC Technology Roadmap, GGGI and partners demonstrate the power of gender-sensitive approaches to unlock high-potential opportunities that support inclusive #ClimateAction. By embedding gender in the methodology for technology prioritization, we aim to drive both environmental and social outcomes that uplift communities and create equitable benefits for all. 🕘 November 21, 2024 | 09:30-10:30 (UTC+4) 📍 Baku, Azerbaijan, Pakistan Pavillion #GGGI #COP29 #GreenGrowth 

🌊 Unlocking Climate Finance for Pacific SIDS at COP29 🌱 A huge shout-out to Island Innovation for hosting the Island Voices at COP29 Azerbaijan virtual session, where Katerina Syngellakis, Pacific Regional Director of GGGI took the stage to share vital insights on how to unlock climate finance for Pacific Island communities. 🙌 Katerina shed light on the amazing work being done through the Climate Finance Access Network (CFAN), a partnership between GGGI, Rocky Mountain Institute (RMI), the Pacific Community-SPC and Secretariat of the Pacific Regional Environment Programme (SPREP) and how it’s helping Pacific SIDS secure the funding they need to build climate resilience. 🌏💪 Highlights from the session: 🔑 Climate Finance Access, Absorption & Implementation – It’s not just about securing finance; it’s about creating systems to absorb and use it effectively to strengthen resilience in the Pacific. 💚Greening the Pacific Financial Systems (GPFS) – Katerina discussed the importance of working with Central Banks to align financial systems with green, sustainable practices to accelerate climate action and to strengthen and green financial systems 🏦 Engaging Financial Institutions – Involving the right partners, especially development banks and financial institutions, is key to unlocking green finance and driving impactful change. 👏 A big thanks to Island Innovation for creating this platform and well done to all the brilliant panelists for the inspiring conversation! 🌿 #COP29 #ClimateFinance #PacificSIDS #GGGI #GreeningFinance #GreenFinance #ClimateAction #IslandInnovation #Resilience #SustainableFuture #ClimateResilience

GGGI and PNG Push for Accelerated Climate Action at #COP29 🌍💚 At #COP29 in Baku, GGGI’s Head of Delegation and Deputy Director-General Helena McLeod, met with Ruel Yamuna, Papua New Guinea’s Special Envoy on Climate Change, to discuss PNG’s urgent climate challenges and opportunities for progress 🌍💬. PNG, one of the world’s most climate-vulnerable countries, is already grappling with rising seas 🌊, frequent cyclones 🌪️, floods 🌧️, and coastal erosion 🏝️, all of which threaten lives, livelihoods, and development gains. Since 2019, GGGI has been working closely with PNG, implementing 9 national and 4 regional projects, with over $9 million in funding 💰. This includes initiatives focused on climate-smart agriculture 🌾, greening and de-risking the PNG banking and financial sector 🌳, renewable energy ⚡, and building resilience of coastal communities 🏖️. A major topic of the discussions was PNG's ongoing challenge in accessing climate finance, particularly through the Green Climate Fund (GCF) 🌐. While PNG has submitted 11 concept notes (CNs) to the GCF since 2017, the country still lacks an approved GCF project. To address this, GGGI proposed a Partnership for Accelerated Climate Action Investment Programme, aimed at fast-tracking GCF projects for PNG 💡. This initiative could unlock USD 150 million in funding to close the gap and ensure PNG’s projects move swiftly through the GCF approval process. The new Climate FIRST project (AUD 20M), funded by the Australian Department of Foreign Affairs and Trade, will play a key role in advancing PNG’s climate action. With a goal to scaling up PNG’s access to international climate finance from multiple sources, including the GCF, sustainable finance and the private sector, Climate FIRST is poised to accelerate progress on crucial climate resilience projects 🚀🌱.  GGGI is also partnering the Agence Française de Développement (AFD) in a Euro 3 million project to green and derisk an inclusive PNG banking and financial sector. GGGI is also working on high-priority projects, including: 🔋 Solar Power for Rural Health Centers: Aiming to bring solar energy to remote health centers, improving healthcare access in isolated areas. 🌱 PNG Coffee Rehabilitation Project: Collaborating with the Department of Agriculture to restore coffee production in the Eastern Highlands and Jiwaka provinces, integrating climate resilience into the coffee sector. 💧 Solar Hydropanel Atmospheric Water Supply (SHAWS) for Remote Schools: Providing clean, sustainable water solutions to 50 schools in rural areas, with a pilot phase already underway near Port Moresby. GGGI is also supporting the newly established CCDA Climate Finance Unit (CFU) to help manage and coordinate PNG’s climate finance efforts 📊💡. Through these initiatives, GGGI is dedicated to helping PNG access the finance it needs to tackle its climate challenges and build a more sustainable future 🌍🌿. #GGGI #COP29 #ClimateFIRST #PNG #GCF

📢 #GGGIatCOP29 Join Fenella Aouane as she is moderating a high-level panel about #Article6 in the Pacific 🌏Hosted by New Zealand’s Ministry of Foreign Affairs and Trade, this high-level panel discussion will explore opportunities for Pacific nations to engage in Article 6 and address key barriers that must be overcome to ensure secure and effective participation. Opportunities and needs to develop cooperative approaches under Article 6 in the Pacific 🕐Time/Date: 11:00AM-12:00PM [UTC+4] / 18 Nov 2024 📍Location: Moana Pavilion (H4) Whether you're looking to connect, learn, or take action, this event is for you. See you there! #GGGI #COP29 #GreenGrowth

📢 #GGGIatCOP29   Exciting discussions at Enhancing Multi-Level Readiness to Access Loss and Damage Finance!     🌍 Join us alongside key government representatives from selected Commonwealth countries, the Commonwealth Secretariat, and multilateral organizations as we explore strategies to unlock effective Loss and Damage (L&D) financing solutions. As climate impacts intensify, scalable and timely financing mechanisms are essential. This event is bringing together experts to share experiences and insights on bolstering readiness to access these critical resources.    💚 This session will delve into innovative approaches to national readiness strategies, project development, and the integration of L&D finance into climate and development plans. By showcasing practical lessons and case studies, we’ll explore how collaboration and capacity-building efforts can overcome barriers to securing L&D finance.    Don’t miss the chance to learn about new collaborative pathways and the role of multilateral support in navigating the complexities of L&D finance.     🕘 Time/Date: November 18, 2024 | 10:30-11:30 (UTC+4)  📍 Location: Baku, Azerbaijan, Commonwealth Pavillion    #GGGI #COP29 #GreenGrowth  

📢 #GGGIatCOP29   Exciting discussions at Global Trust Fund on Sustainable Finance: How Thematic Bonds are Helping Close the NDC & SDG Financing Gap!       The Global Trust Fund on Sustainable Financial Instruments (GTF) is a 4-year program being implemented by GGGI in partnership with the Luxembourg Government to accelerate the adoption of sustainable financial instruments – including thematic bonds and debt-for-nature swaps- in developing countries.     In this session, it will have a discussion on the GTF as a case study, highlighting the innovative role of thematic bonds in closing the development financing gap. The session will explore how capital markets can support climate change mitigation and adaptation by channeling bond proceeds into low-carbon projects and initiatives.    🔗 Click here to watch the livestream and join the discussion: https://bit.ly/3YJZWHX   🕘 9:30 AM / Sat 16 Nov [UTC+4] at the Benelux Pavilion 🌎💚    #GGGI #COP29 #GreenGrowth