This plan marks a key milestone in the partnership between the two nations and outlines various areas of collaboration aimed at supporting PNG's involvement in international carbon markets. Under the Joint Action Plan, PNG will receive support from IPCOS, which has committed AUD104 million over a span of ten years. This investment will aid countries in the Indo-Pacific region, including PNG, in developing expertise, strengthening policy frameworks, and enhancing legislative systems to actively participate in global carbon markets.

https://www.looppng.com/png-news/png-aus-climate-collaboration-120372

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