Governor of the Bank of Papua New Guinea, Elizabeth Genia, has called for stronger implementation of green finance policies and investment strategies during the opening of the 2026 Green Finance Summit in Port Moresby.
Speaking at the 2026 Green Finance Summit held at the Hilton Port Moresby on Wednesday, Governor Genia said Papua New Guinea must now move beyond discussions and begin putting green finance frameworks into practical action.
“This year, we move the conversation forward 2026 is not about introducing ideas; it is about implementation,” Governor Genia stated.
The two-day summit, hosted by the Bank of Papua New Guinea and the Green Finance Centre, is being held under the theme “Greening PNG’s Financial System” and brings together government agencies, financial institutions, development partners, investors and regional central banks.
Governor Genia said the summit is focused on creating practical solutions that will help direct investment into climate-resilient and sustainable development across Papua New Guinea.
“Papua New Guinea remains committed to building strong policy frameworks that encourage green investment, strengthen financial sector resilience, and create pathways for sustainable growth,” she said.
“The Green Finance Summit 2026 is an opportunity to bring together partners, financial institutions and policymakers to move from ambition to implementation and ensure that green finance delivers practical outcomes for our people, our economy and our climate future.”
The summit also highlighted the growing role of the Green Finance Centre, a department under the Bank of Papua New Guinea established to transform PNG’s financial sector into one that is inclusive, climate resilient and supportive of green economic growth.
The Green Finance Centre was officially launched in March 2024 by Chief Secretary Ivan Pomaleu, Climate Change Minister Simo Kilepa and Governor Genia.
Currently, the Centre serves as the secretariat for the Inclusive Green Finance Project Steering Committee, which includes stakeholders such as the Centre for Excellence in Financial Inclusion, Climate Change and Development Authority, the Department of Treasury, the Alliance for Financial Inclusion and international development partners.
One of the major highlights of this year’s summit is the launch of PNG’s Inclusive Green Finance Taxonomy Version 2, Standards for Green Loan Classification and Reporting, Environmental Risk Policy Guidelines for Financial Institutions, and the Green Finance Academy.
These initiatives are expected to strengthen PNG’s green finance architecture and improve the country’s readiness for sustainable investment and climate-resilient economic growth.
International recognition was also given to Papua New Guinea’s progress in green finance policy development.
Chairman of the Capacity-building Alliance of Sustainable Investment, Ma Jun, praised PNG’s efforts during the summit.
“I am deeply impressed by the remarkable progress Papua New Guinea has achieved in establishing its green finance policy framework,” Dr. Ma said.
“I believe PNG can serve as an excellent role model for island nations across the Asia-Pacific.”
Approximately 250 participants are attending the summit, including representatives from commercial banks, multilateral institutions, development organisations, private sector companies and regional financial leaders.
