Papua New Guinea is preparing to submit two project proposals to access funding under the Green Climate Fund (GCF).
They are the water resilient project for United Nations Development Programme (UNDP) and the renewable energy project under the Asian Development Bank, which is also being rolled out within the region.
GCF was established to assist developing countries finance their climate change mitigation and adaptation programs.
The proposals must be submitted to the GCF Board to undergo screening before they can be approved for funds to be released.
Climate Change Development Authority acting managing director, Ruel Yamuna, confirmed that they are currently working on the proposals.
GCF staff visited PNG this week to facilitate the readiness and preparatory stage for the purposes of accessing climate finance.
Yamuna said a follow-up workshop will be carried out later to consult different stakeholders to get an understanding as far as renewable energy and food security are concerned.
“We are working to incorporate what we are doing on ground with the process of what GCF is putting forward.
“We understand that the requirements are quite severe and that’s why we are going to have a follow-up workshop for CCDA and the National Designated Authority (NDA) with the stakeholders,” he said.
Yamuna stressed that this is where CCDA and NDA will work with the respective stakeholders to start streamlining the process. These will all take shape early next year.