Climate Change and Development Authority in PNG
Papua New Guinea’s (PNG) has been one of the fastest growing economies globally this century with average growth rates above 6%. This rapid growth has been driven primarily by the expansion of foreign investment within the natural gas sector and high prices for PNG’s central exports many of which are transported to rapidly growing Asian economies. This growth has built on a long history of natural resources being at the centre of the PNG economy with exports and employment dominated by mining, natural gas, logging and agriculture.