Pakistan seeks to earn millions on carbon credits from ‘Billion Tree Tsunami’ project

Women walk along flowering and blossoming trees along a roadside in Islamabad, Pakistan, March 15, 2018. (REUTERS/File)
Updated 17 July 2019

Pakistan seeks to earn millions on carbon credits from ‘Billion Tree Tsunami’ project

  • Consultancy hired to examine prospects of selling carbon credits in international market, climate ministry says
  • UN Clean Development Mechanism promotes investments in emission-reducing projects in developing world by rich nations

ISLAMABAD: Cash-strapped Pakistan, struggling to bolster depleted public finances, hopes to earn much-needed hard currency by selling UN-backed carbon offsets from a massive reforestation project named the Billion Tree Tsunami, the climate change ministry said on Tuesday.
If approved and registered by the United Nations, this would be the first project for Pakistan under a scheme called the Clean Development Mechanism that promotes investments in emission-reducing projects in the developing world by companies and governments in rich nations.
In return for building wind farms or other projects, such investments can earn valuable carbon offsets called certified emission reductions (CERs) that can be sold for profit or used to meet mandatory targets to cut emissions.
Cricket-star turned politician Imran Khan, whose Pakistan Tehreek-e-Insaf (PTI) party won the 2018 general election in Pakistan, spearheaded the Billion Tree Tsunami project, which started in 2014 and cost $169 million. Under the project, a total of 300 million trees of 42 different species were planted across the northwestern Khyber Pakhtunkhwa province, where the PTI headed the provincial government from 2013-2019.
Khan, now prime minister, has allocated $47 million in this year’s budget to expand the forestation project and plant 100 million trees in five years across the country.
Now, the government wants to be rewarded for the project that it says will go a long way in reducing carbon emissions.
“We have awarded consultancy to a reputable firm to examine the potential of carbon credits in Pakistan and their prospects of being sold in the international market,” Javed Shahzad, a spokesman for the Ministry of Climate Change, told Arab News, adding that the firm would complete its work within six months.
“Prices of carbon credits keep changing in the international market, but we are hopeful to at least recover the cost of our Billion Tree Tsunami project by selling the credits,” Shahzad said.
Inger Andersen, head of the International Union for Conservation of Nature (IUCN), the NGO in charge of administering the Bonn Challenge, has described the Pakistani project as “a true conservation success story.” Experts at World Wildlife Fund-Pakistan, which monitored and conducted an independent audit of the reforestation drive, have said the project has been an environmental, economic and social success.
Pakistan is the seventh most affected country by the adverse impacts of climate change, though it emits less than one percent of total annual global greenhouse gases. In a report submitted to the Economic and Social Council of the United Nations recently, Pakistan has sought compensation for its low carbon footprint to meet the estimated $10.7 billion per year needed for climate adaptation, and $8-17 billion for mitigation.
Under the Clean Development Mechanism, a carbon credit is issued for every ton of avoided greenhouse gases, and holders of the credits can then contribute the credits to their national targets, or sell them back on the market for money.
Government around the world raised approximately $33 billion in carbon pricing revenues in 2017 through allowance auctions, direct payments to meet compliance obligations and carbon tax receipts, said a World Bank report titled “State and Trends of Carbon Pricing 2018.” This amount represents an increase of nearly $11 billion compared to the $22 billion raised in 2016.
“The international market for selling and buying carbon credits is very small, and Pakistan should not expect to earn a huge amount based on its low-emission projects,” Dr. Pervaiz Amir, a climate expert said. 
He suggested instead that the government should hire international experts and firms to develop low-emission and climate-resilient projects for which it could get grants from the World Bank and the Green Climate Fund, which have an allocation of $250 billion and $100 billion respectively to help developing countries cut greenhouse gas emissions.
“We should develop partnerships with industrial countries like Japan, Norway and Germany to help them meet their carbon emission targets and earn revenue,” Amir said.


Challenge accepted: Saudi national cricket team invites Peshawar Zalmi to play in kingdom

Updated 48 min 35 sec ago

Challenge accepted: Saudi national cricket team invites Peshawar Zalmi to play in kingdom

  • Peshawar Zalmi owner hinted last week of taking his team to Saudi Arabia for a friendly match
  • Arab News has been selected as the official media partner of the Saudi cricket team

RIYADH: Saudi Arabia’s national cricket team has accepted the challenge by the Pakistan cricket franchise Peshawar Zalmi inviting them for a friendly game.

The owner of one of Pakistan’s most popular cricket franchises, Peshawar Zalmi, hinted last week of taking his team to Saudi Arabia for a friendly match, soon after news emerged that Arab News had been selected as the official media partner of the Saudi cricket team.

READ MORE

Arab News, Saudi Arabia’s leading English language daily, has been selected by the Saudi cricket federation to be the national team’s official media partner. Read more here.

Javed Afridi’s successful franchise is represented by cricketing legends like former West Indian skipper Daren Sammy, South African star batsman Hashim Amla, and Pakistan all rounders Wahab Riaz and Shoaib Malik, and others from the world’s biggest test playing teams.

“Best wishes to cricket KSA. How about Peshawar Zalmi VS KSA in Saudi,” Afridi wrote on Twitter.

Responding to it the Saudi Arabian Cricket Federation (SACF) told Arab News: “We thank Afridi for the wonderful gesture, good wishes to the Saudi national cricket team and appreciation. We look forward to a lot of cooperation with all great cricket playing countries, such as Pakistan.

“As far as invitation to play a friendly game is concerned, we accept the challenge and look forward to playing the game at a mutually agreed date and place, here in Saudi Arabia," said Nadeem Nadwi, General Manager, SACF.

SACF, established in 2020, has lined up a series of major programs focused on promoting the game in the Kingdom and things are set to change rapidly.

In an exclusive interview with Arab News last week, SACF chairman Prince Saud Bin Mishal Al-Saud revealed the game-changing plans for cricket, outlining a series of major initiatives that will increase participation at community, club, and international level.

Among those competitions is the National Cricket Championship, played across 11 cities and part of four programs that SACF signed with the Saudi Sports For All Federation. Launched in February 2021, it is to date the largest cricket tournament held in the history of Saudi Arabia.

Moreover, there will be a corporate cricket tournament launched in October and November, a cricket league for expatriate workers, and a social cricket program introduced in various cities. Throughout the year, SACF is planning to have 20,000 participants taking part in these programs.

The federation has signed several deals and MoUs with governmental, semi-governmental, and non-governmental entities setting out plans to raise awareness of the game, increase cricket facilities nationwide, and introduce the sport to Saudi youth through school programs.


World must recognize Pakistan's commitment to regional stability, says top general

Updated 10 April 2021

World must recognize Pakistan's commitment to regional stability, says top general

  • General Nadeem Raza asks the international community to take notice of rights violations in Indian-administered Kashmir
  • Says the nation has high expectations of the country's armed forces while addressing a graduation ceremony at the Pakistan Military Academy

ISLAMABAD: Chairman Joint Chiefs of Staff Committee (CJCSC) General Nadeem Raza said Saturday the world must recognize Pakistan's consistent peace overtures to its eastern neighbor and take notice of rights violations in Indian-administered Kashmir while addressing graduating cadets at the Pakistan Military Academy, Kakul.
According to an official statement released by the military media wing, ISPR, Raza said his country was committed to peace and had made significant contributions to regional stability.
He also maintained that the whole nation stood united against the menace of extremism and had high expectations of the Pakistani armed forces.
The CJCSC made these observations during his visit to the country's premier military training institution where he reviewed the graduation parade of the 143rd PMA Long Course.
Among those who successfully completed the rigorous training also included young cadets from Iraq, Sri Lanka, Maldives and Nepal.
Raza advised all PMA graduates, including members of the 17th Lady Cadet Course, to keep themselves abreast with latest challenges.
"The only way to meet these challenges is through professional prowess and dedication as the Nation pins high hopes on Armed Forces of Pakistan," the ISPR statement quoted him as saying.


Rizwan steers Pakistan to their highest-winning T20 run chase

Updated 10 April 2021

Rizwan steers Pakistan to their highest-winning T20 run chase

  • Pakistan's previous highest T20 chase was 188 against Australia in Harare in 2018
  • Rizwan made an unbeaten 74 as Pakistan chased down a target of 189 with one ball to spare

JOHANNESBURG: Opening batsman Mohammad Rizwan steered Pakistan to their highest winning run chase as they beat South Africa by four wickets in the first Twenty20 international at the Wanderers Stadium in Johannesburg on Saturday.
Rizwan made an unbeaten 74 as Pakistan chased down a target of 189 with one ball to spare.

Their previous highest T20 chase was 188 against Australia in Harare in 2018.

The match swung in the last four overs of the two innings.
South Africa could score only 29 in their last four overs, while Pakistan thrashed 52 off the last 3.5 overs

BRIEF SCORES

South Africa 188-6 in 20 overs (A. Markram 51, H. Klaasen 50; Mohammad Nawaz 2-21, Hasan Ali 2-28)

Pakistan 189-6 in 19.5 overs (Mohammad Rizwan 74 not out, Faheem Ashraf 30; B. Hendricks 3-32, T. Shamsi 2-29)

RESULT

Pakistan won by 4 wickets

Series: Pakistan lead the four-match series 1-0

Toss: South Africa


Major opposition party leads in re-election in Pakistani town of Daska

Updated 11 April 2021

Major opposition party leads in re-election in Pakistani town of Daska

  • Local news channels claim the Pakistan Muslim League-Nawaz is winning the contest in Punjab's NA-75 constituency
  • The Election Commission of Pakistan held a by-poll in the area last February but later declared it null and void

ISLAMABAD: Pakistan’s local news channels claimed Saturday the opposition Pakistan Muslim League-Nawaz (PML-N) party was winning a closely watched electoral contest for a National Assembly seat in Punjab that fell vacant after the death of an opposition lawmaker Syed Iftikharul Hassan Shah last year.
Tens of thousands of people voted to elect their new representative in a re-election held earlier in the day for the NA-75 seat from Daska, a small town in Sialkot district.
The country’s election authorities held a by-poll in the area last February, but later declared the contest null and void due to widespread irregularities that the PML-N blamed on the ruling Pakistan Tehreek-e-Insaf (PTI) party.
The Election Commission of Pakistan suspected back in February that the results of 20 polling stations had been falsified.
Saturday’s electoral contest was largely believed to be between PML-N candidate Nosheen Iftikhar and PTI ticket holder Ali Asjad Malhi, though there were other politicians who also participated in it.
Pakistani election authorities informed a local news channel earlier in the day they had tried to provide a free and fair environment to hold a transparent election.
“Rangers are on patrol duty, ensuring the transportation of election staff and material, while army troops have been stationed in Daska Stadium and will be available on call,” Dawn newspaper reported. “To make the conduct of the re-poll transparent, CCTV cameras have been installed at 47 sensitive polling stations, out of a total 360.”


Pakistan among nations subject to quarantine in Ireland starting April 15

Updated 10 April 2021

Pakistan among nations subject to quarantine in Ireland starting April 15

  • Dublin joined neighboring Britain in bringing in the regime for people from countries deemed "high risk"
  • Strict lockdown in Ireland has turned one of the world's highest incidence rates of COVID-19 into one of Europe's lowest

DUBLIN: Ireland added Pakistan, Turkey, United States, Canada, Belgium, France and Italy to its list of countries where arrivals will be subject to mandatory hotel quarantine, tightening some of Europe's toughest travel restrictions to try to stop the spread of COVID-19.

Ireland, the only one of the European Union's 27 countries to introduce a hotel quarantine, announced it will also require all arrivals to have booked a COVID-19 test for five days after landing in addition to one taken in the days before travelling.

It followed neighbouring Britain in bringing in the regime for people from countries deemed "high risk" or those without a negative COVID-19 test. However, Britain has so far resisted calls for the inclusion of some European countries.

A strict lockdown in Ireland since late December has turned one of the world's highest incidence rates of COVID-19 into one of Europe's lowest.

Elsewhere in the continent, Norway requires a forced stay in a quarantine hotel for at least a week for anyone coming from abroad who does not own property, or can borrow the use of a property, in the country.

Armenia, Bangladesh, Bermuda, Bosnia and Herzegovina, Curacao, Kenya, Luxembourg, Maldives and Ukraine will also be subject to quarantine in Ireland starting April 15, the health ministry said in a statement.

Israel, Albania and Saint Lucia were removed, having been added just over a week ago, meaning arrivals from more than 70 countries must quarantine for up to 14 days in a hotel room, or leave after 10 if they test negative for COVID-19.

The government initially stopped short of a recommendation by health officials last week to add a number of EU countries where large numbers of Irish nationals live, citing potential legal challenges around the bloc's freedom of movement rules.

Hotel quarantine rules are planned to be in place for only a few months, Health Minister Stephen Donnelly said this week. Tourism groups have criticised the government for not providing an exit plan on how they would unwind the measures.

"We can see a permanent pathway out of this pandemic but can't allow variants of concern to set us back on the progress we have made," Donnelly said in a statement on Friday.