This was revealed today in a workshop aimed to develop a GCF Pipeline for transport and energy sectors.
The workshop was facilitated by the Climate Change and Development Authority (CCDA) in partnership with the Asian Development Bank (ADB).
The five project proposals are ‘Investing in renewable energy for Port Moresby’, ‘Achieving carbon neutrality at the University of PNG’, ‘Investing in solar power in PNG major cities,’ ‘Developing and investing in a pilot geothermal plant’ and ‘Developing and investing in a pilot hydropower plant’.
The objective of the workshop was to report back on consultations held with stakeholders in the energy and transport sectors and to present some of the findings from the consultations.
Stakeholders participated to identify those projects that have potential to be quickly developed for GCF and move forward.
The discussions today focused on which of the five projects met several criteria and have clear potential to meet all criteria.
CCDA managing director Ruel Yamuna explained that there are key factors for a successful proposal and PNG must focus on these factors.
Yamuna said proposals must have CCDA leadership and coordination throughout the formulation process.
Key factors include stakeholder engagement, clear climate change rationale for mitigation and adaptation, feasibility and background studies and innovation.
Proposals must also be in compliance with the social and environmental safeguards of PNG, the UNFCCC and the GCF, and have strong sustainable and replication potential.
Yamuna said they aim to submit at least two proposals in the coming months.