PNG PUSHES BLUE ECONOMY FINANCE AND CLIMATE ACTION

BY RICKY ISRAEL

Papua New Guinea is working to unlock new finance opportunities through its blue economy and blue carbon programs.

Speaking during the Sustainable Fisheries and Blue Economy Growth presentation, at the inaugural Melanesian Ocean summit 2026, Climate Change and Development Authority Acting Managing Director Debra Sungi says PNG has strong potential in mangroves, seagrass, and coastal ecosystems that can support climate action and economic growth.

Ms Sungi says proper laws, governance systems, and scientific data are needed to help PNG access carbon market financing and protect marine resources.

She says illegal fishing continues to cost the Pacific millions of dollars every year and stronger regional cooperation is needed.

Ms Sungi also highlights PNG’s Blue Carbon Policy Roadmap for 2025 to 2028, which aims to strengthen conservation, improve carbon reporting, and support coastal communities through sustainable economic activities.

She says the work is not only about carbon and finance, but also about protecting people, communities, and future generations.