SUSTAINABLE FINANCING

RESOURCES

A National Biodiversity and Climate Fund has been launched, funded through a grant from the Global Environment Facility, and implemented by UNDP in partnership with CEPA.

The mission of the PNG Biodiversity and Climate Fund is to catalyze financial and technical resources to enable present and future generations of Papua New Guineans to protect the country’s biodiversity and build resilience in the face of climate change.

FINANCING PROTECTED AREAS

  1. Less than 15% of the existing 62 protected areas currently receive any financial support.
  2.  Total financing currently available for protected areas is estimated at USD $3.3 million from all funding sources.
  3. To meet the funding requirements for the current system of protected areas, an additional USD $9 million is required annually. It costs approximately USD $2.80 per hectare for effective conservation in PNG.
  4. PNG has completed its first national protected area finance and investment plan that provides a roadmap for financing the expanded systems to meet international targets.
Interested in making better investment decisions? Download the training on cost-benefit analysis for environmental decisions.

PROTECTED AREAS NETWORK

The sustainable financing of Papua New Guinea’s protected area network project will extend the government of PNG’s ability to fulfil its protected area mandate and implement the protected area policy. It achieves this by supporting the government to:

  • Secure stable and long-term financial resources for the management of protected areas across the country;
  • Ensure that these financial resources are allocated to contribute to improving management effectiveness of the protected areas across the country; and,
  • Ensure that they are managed cost-effectively and efficiently with respect to their conservation and other complementary development objectives.

The project’s objective is to reduce the funding gap for Papua New Guinea’s protected areas in order to improve their management effectiveness, and livelihoods of their communal landowners. The project is implemented by the United Nations Development Programme, in partnership with the Conservation and Environment Protection Authority, through funding from the Global Environment Facility.

BIODIVERSITY AND CLIMATE FUND

A National Biodiversity and Climate Fund has been launched, funded through a grant from the Global Environment Facility, and implemented by UNDP in partnership with CEPA.

The mission of the PNG Biodiversity and Climate Fund is to catalyze financial and technical resources to enable present and future generations of Papua New Guineans to protect the country’s biodiversity and build resilience in the face of climate change.

In the meantime, a national consultation platform has been developed to support the establishment process for the National Biodiversity and Climate Fund. Click below to access training materials, interviews with other environmental funds as well as provide feedback on reports and surveys.