Papua New Guinea
United Nations Paris Agreement (Implementation) Act 2016
This Act addresses climate change issues in Papua New Guinea and implements the country's obligations under the Paris Agreement. The document is declared a matter of national interest. It establishes the authority responsible for 1) determining the benefits and levies of the Organic Law in respect of GHG emissions and carbon capture and storage, 2) determining the rates, management, sharing arrangements and application of related benefits and levies, and 3) establishing and administering trust funds of Section 98(3) of the Organic Law.
The Act further 1) establishes the principles for sharing revenues generated from economic regulatory regimes for emitting and sequestering carbon, 2) establishes the consultation process on the consequences of GHG emissions on local development, and 3) defines the legal framework necessary to adopt regulations in the field of GHG emissions, and its organisational and financial implications.