GREEN FINANCE SUMMIT ACCELERATES INVESTMENT

The Green Finance Summit 2025 marked a strong set of commitments and partnerships, reinforcing the country’s green finance agenda and accelerating its position as a leader in sustainable finance across the Pacific region.
This summit was hosted by the Green Finance Centre (GFC), under the auspicious of the Central Bank of Papua New Guinea (BPNG), brought together senior government officials from the Treasury, Energy, Agriculture, Labor, Forestry, and Environment Ministries in PNG, along with leaders from Agence Française de Développement (AFD), Asia Development Bank (ADB), International Finance Corporation (IFC) member of the World Bank Group, 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), Alliance for Financial Inclusion (AFI), and the Global Green Growth Institute (GGGI), and Bank South Pacific (BSP), Kina Bank, ANZ PNG, MiBank, Mama Bank and more.
Significant announcements and agreements were made throughout the day, as AFD committed to supporting the development of green finance instruments, such as the Green Refinancing Facility (GRF) and Green Guarantee Facility (GGF) to mobilize capital and de-risk green investments.
The commitment was strengthened by an agreement from ADB to inject USD 20 million into both facilities while working with AFD, UNCDF, GFC, and BPNG. These partners will connect with local financial institutions to co-develop a pipeline of green and blue loans, forming the backbone of blended green finance and unlocking finance for Micro Small, and Medium-Sized Enterprises (MSME) in PNG.
“Systemic transformation is needed, from green taxonomies to innovative financial products and
mainstreaming climate risk, We look forward to working hand-in-hand with you all to build
climate-resilient, low-carbon financial ecosystems across the Pacific.” Stated Virginie Bleitrach, AFD Regional Director Pacific Ocean.
The national leadership of Papua New Guinea also reaffirmed its commitment to the GFC. The Department of Treasury stated its support to co-develop sustainable finance solutions with the BPNG and GFC, tailored to the National Development Priorities. Hon. Thomas Opa, Minister for Energy, expressed his commitment to raise capital for renewable energy investments using GFC as the platform.
The ministry has agreed on an upcoming collaboration agreement between the Ministry of Energy, BPNG, GFC, and GGGI to accelerate renewable energy projects. Currently, nearly 20 renewable energy projects are already in progress, putting efforts into carbon credit
mechanisms and green bonds.