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PNG and Australia Sign Indo-Pacific Carbon Offset Scheme Joint Action Plan

 PNG and Australia have signed the Indo-Pacific Carbon Offset Scheme (IPCOS) Joint Action Plan as a key outcome of the 2023 PNG-Australia Climate Change Dialogue. 

The Joint Action Plan outlines new areas of collaboration which will support PNG’s participation in international carbon markets.  


IPCOS is investing AUD104m over ten years to help countries in the Indo-Pacific build expertise, strengthen policy frameworks and enhance legislative systems to participate in global carbon markets. In 2021, PNG became one of the first countries to sign up to participate in the initiative. 

Participants at the 2023 PNG-Australia Climate Change Dialogue also committed to work together to improve PNG’s access to climate finance, deepen collaboration in international climate diplomacy, and share expertise on sustainable forestry practices.  

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