PNG is now in the stages of readiness and demonstrating approaches of REDD+. Thus, while the current National REDD+ strategy (NRS) marks a critical step in the nation’s REDD+ development process further action is needed to ensure that the strategy is effectively financed, that proposed policies and measures are developed and tested, and that long-term sustainable financing and management systems are in place.
To achieve this, the NRS will be supported by a REDD+ Finance and Investment Plan (FRIP) for which will provide a detailed breakdown of activities to be undertaken within five years from 2017 including, clear budgets and approaches to financing REDD+ implementation in PNG.