GOVERNOR GENIA CALLS FOR ACTION ON GREEN FINANCE IMPLEMENTATION

CAPTION: Participants of the 2026 Green Finance Summit is hosted at the Hilton Hotel, Port Moresby

BY RAYLEEN WANJIMAN

THE 2026 Green Finance Summit is hosted at the Hilton Hotel in Port Moresby this week, bringing together government leaders, financial institutions and development partners to advance the greening of Papua New Guinea’s financial system.

Hosted by the Bank of Papua New Guinea and the Green Finance Centre, the summit is focused on turning green finance policies into practical action under the theme Greening PNG’s Financial System.

Governor Elizabeth Genia, speaking at the event yesterday, said this year’s summit focuses on implementation moving from ambition to practical action.

She reaffirmed PNG’s commitment to building stronger policy frameworks that encourage green investment, strengthen financial sector resilience and support sustainable economic growth.

Aligned with Papua New Guinea’s Inclusive Green Finance Policy and its implementation roadmap, the 2026 summit builds on the momentum of the inaugural 2025 Green Finance Summit and reflects the country’s growing commitment to strengthening its green finance architecture.

As PNG prepares for higher standards of sustainability reporting and seeks to mobilise greater private capital for climate resilient development, the summit serves as a timely platform for policy dialogue, technical exchange and partnership building that supports practical market implementation.

Meanwhile Chief Secretary Ivan Pomaleu added that sustainable finance is not just about climate discussions, but also about creating jobs, supporting agriculture, improving energy access and strengthening financial inclusion for Papua New Guineans.

In this two day summit from May 27–28 2026, key discussions are focusing on green lending, impact investment, digital finance and financial inclusion. Several major initiatives are being launched, including PNG’s Inclusive Green Finance Taxonomy Version Two, new standards for green loan classification and reporting, and environmental risk policy guidelines for financial institutions.

Papua New Guinea has been commended for the progress it has made in establishing its green finance policy framework by the Capacity building Alliance of Sustainable Investment (CASI).

The summit has brought together government agencies, financial institutions, investors and development partners to explore ways of strengthening climate resilient investment and sustainable economic growth in PNG.