Part VI
Governance &
Local Benefit Delivery
National ownership · Provincial delivery · Independent verification.
Architecture
Three-Tier Governance Model
A central weakness of many sovereign climate-linked transactions is the displacement of governance to external entities. The PNG model is designed to avoid this.
Tier 1
Political Accountability
- Ministry of Finance and Treasury as institutional lead with full Cabinet endorsement
- Annual KPI performance report tabled in Parliament
- National Climate Council for inter-ministerial coordination
Tier 2
Operational Delivery
- PNG Climate Resilience Fund — dedicated ring-fenced national facility
- Provincial delivery partnerships across all 22 provinces
- Traditional landowner integration with customary tenure and consent embedded
Tier 3
Verification & Transparency
- Independent Verification Agent — annual KPI audit, publicly disclosed
- NASA/ESA Copernicus satellite data reconciled with national surveys
- Community Climate Ombudsman — no-offshore-implementation covenant
Local Benefits
Proposed Benefit Commitments
To be tested, refined, and embedded in transaction documentation subject to Government approval and Stage 1 legal feasibility.
| Commitment | Detail |
|---|---|
| Community Infrastructure | ≥15% of gross proceeds (~USD 75–100M) to climate-vulnerable provinces within 3 years |
| Conservation Employment | ≥2,000 FTE jobs in conservation, sustainable forestry, and marine management by Year 3 |
| Smallholder Agriculture | Climate-smart programs covering ≥50,000 smallholder families in deforestation-pressure zones by Year 5 |
| Provincial Adaptation Funding | All 22 provinces receive minimum annual allocation linked to climate vulnerability index |
| Women & Youth Inclusion | 30% target for women in conservation governance; youth leadership in ≥10 provinces |
| Offshore Value Cap | Target cap on external advisory, verification, and transaction costs |
Fund
PNG Climate Resilience Fund
Structure
Dedicated ring-fenced national facility with majority PNG government board representation and provincial/community co-governance.
Key Principles
- Nationally owned, provincially delivered
- No offshore governance delegation
- Independent verification, publicly disclosed
- Bilingual reporting (English / Tok Pisin)