GGGI signs an Implementation Agreement with the Independent State of Papua New Guinea to provide support in accessing climate finance

GGGI signs an Implementation Agreement with the Independent State of Papua New Guinea to provide support in accessing climate finance

By GGGI
SEOUL, Republic of Korea, May 31 2018 (GGGI)

The Global Green Growth Institute (GGGI) signed an agreement to implement a Green Climate Fund (“GCF”) project as a delivery partner for the Independent State of Papua New Guinea’s Climate Change and Development Authority (CCDA).

The Implementation Agreement was signed by Dr. Frank Rijsberman, Director-General of GGGI and Mr. Ruel Yamuna, Managing Director of the Climate Change and Development Authority of Papua New Guinea at the GGGI Seoul headquarters on May 31.

Under the Agreement, GGGI will support CCDA to strengthen its role as a National Designated Authority (“NDA”) to engage with, and access funds from GCF. Further, under close consultations with CCDA, GGGI will implement activities described in the Readiness Project, which include strengthening country capacity, engaging stakeholders in consultative processes and supporting private sector mobilization – all of which will help address climate resilience and low-carbon development.

This Implementation Agreement will help GGGI to provide support for Papua New Guinea (PNG) in accessing climate finance to address its adaptation and mitigation needs as it is one of the most vulnerable countries to the adverse effects of climate change.

PNG is one of the 13 founding Members of GGGI, having expressed commitment to support the organization at the 2012 Rio+20 Summit.

GGGI was selected as PNG’s Delivery Partner to the Green Climate Fund (GCF) readiness project in 2017. In November 2017, GGGI conducted the first national workshop on accessing climate finance, where cross-sectoral stakeholders gathered to identify common challenges that the country faces in accessing climate finance, address potential solutions, and understand how GGGI can further support PNG to build relevant capacity, strengthen coordination and develop innovative climate project proposals. The GCF readiness project, in the amount of $667,427 with a 24-month implementation period, was approved by GCF on December 18, 2017.

 

GGGI signs an Implementation Agreement with the Independent State of Papua New Guinea to provide support in accessing climate finance

 

About Climate Change and Development Authority (CCDA)

Climate Change and Development Authority (CCDA) is national government entity that coordinates the Climate Change efforts of the Government of Papua New Guinea established under Climate Change Management Act (CCMA) 2015. It is the coordinating entity for all climate change related policies and actions in the country. Additionally, it is the designated National Authority under the United Nations Framework Convention on Climate Change (UNFCCC).

CCDA is tasked with ensuring that Papua New Guinea follows a path of climate-compatible growth; that the country’s economy develops while simultaneously mitigating greenhouse gas emissions and reducing vulnerability to climate change related risks.

About the Global Green Growth Institute (GGGI)

Based in Seoul, GGGI is an intergovernmental organization that supports developing country governments transition to a model of economic growth that is environmentally sustainable and socially inclusive. GGGI delivers programs in 27 partner countries with technical support, capacity building, policy planning & implementation, and by helping to build a pipeline of bankable green investment projects. More on GGGI’s events, projects and publications can be found on www.gggi.org. You can also follow GGGI on Twitter and join us on Facebook, YouTube and LinkedIn.

Contact:

GGGI
Hee Kyung Son, Communications Specialist, tel. +82 70-7117-9957, h.son@gggi.org