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Inter Press Service, 31st May 2018
SEOUL, Republic of Korea, May 31 2018 (GGGI) - The Global Green Growth Institute (GGGI) signed an agreement to implement a Green Climate Fund (“GCF”) project as a delivery partner for the Independent State of Papua New Guinea’s Climate Change and Development Authority (CCDA).
The Implementation Agreement was signed by Dr. Frank Rijsberman, Director-General of GGGI and Mr. Ruel Yamuna, Managing Director of the Climate Change and Development Authority of Papua New Guinea at the GGGI Seoul headquarters on May 31.
Under the Agreement, GGGI will support CCDA to strengthen its role as a National Designated Authority (“NDA”) to engage with, and access funds from GCF. Further, under close consultations with CCDA, GGGI will implement activities described in the Readiness Project, which include strengthening country capacity, engaging stakeholders in consultative processes and supporting private sector mobilization – all of which will help address climate resilience and low-carbon development.
This Implementation Agreement will help GGGI to provide support for Papua New Guinea (PNG) in accessing climate finance to address its adaptation and mitigation needs as it is one of the most vulnerable countries to the adverse effects of climate change.
