In a recent ceremony in Sydney on December 9, Prime Minister James Marape announced that Papua New Ginea is moving toward a green economy that is expected to develop over the next ten to twenty years, with a focus on renewable energy sources. During a relaxed fireside chat at the PNG Investment Leaders Summit, he pointed out that the country’s growing appeal to investors lies in its environmental credentials. He explained that Papua New Ginea’s vast forests and marine resources provide opportunities for carbon‑offsetting, potentially making it a carbon‑negative nation. Marape also said that significant investment in the legal and justice sectors will help boost investor confidence.
The summit is part of the flagship PNG Investment Week, which is taking place in Sydney from December 8–11. Organized by the PNG Chamber of Resources and Energy, the event this year is themed “Strong Together — Investing for the Future” and expands its focus beyond the usual sectors. In his keynote, Marape explained that, while mining and petroleum remain important, the government is shifting its attention to non‑mining and non‑petroleum areas such as agriculture, forestry, fisheries, manufacturing, construction and tourism.
Australian Prime Minister Anthony Albanese also spoke at the event, reaffirming Australia’s commitment to a proud and reciprocal partnership with Papua New Ginea. He highlighted that PNG’s exports to Australia are thriving, noting that while raw materials are a key part of the trade, they do not define the whole relationship. Albanese added that Australia is investing in projects that support local jobs, construction and supply chains within PNG.
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