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.
“We must create a bridge between the energy space and green finance- a pathway for real investment to flow. We need a policy-based investment framework and stronger institutional capacity in the Department of Energy,” added Hon. Thomas Opa, Ministry for Energy of Papua New Guinea.
The International Monetary Fund (IMF) highlighted the participation of the PNG in the IMF’s Resilience and Sustainability Facility (RSF), which includes USD 265 million to support two reform pillars directly aligned with GFC’s mandate, focusing on climate and disaster risk management. These reforms also include advancing green fiscal policy, introducing carbon pricing instruments, and supporting climate-aligned finance through national taxonomy.
The summit also celebrated the first anniversary of the GFC, marking the achievements of PNG’s Inclusive Green Finance Policy, Green Taxonomy, and the structuring of the GRF and GGF, and bringing all stakeholders from across sectors.
“What the GFC has done in under 12 months, others have taken decades to plan. Let’s all work together to deliver a future that is resilient, inclusive, and sustainable for all Papa New Guineans, and I wish the GFC to become the cornerstone of PNG’s financial future and a regional leader.” Stated Mr. Ivan Pomaleu, Chief Secretary to the Government.
Moving forward, speakers and participants of the summit emphasized the urgency of collective action among government, financial sector actors, development partners, and private sector stakeholders in the country, the Pacific region, and international donor partners. With strong alignment between national leadership and global partners, BPNG and the GFC are confident in transforming commitments into action- driving resilient, inclusive, and sustainable growth in Papua New Guinea and beyond the Pacific region.
“The Green Finance Summit has been both a platform for dialogue and a catalyst for action. Our path forward is clear, we are ambitious and energized by the partnerships that have only strengthened during this summit.” Emphasized Elizabeth Genia, the Governor of the BPNG.