ISLAMABAD: Prime Minister Shehbaz Sharif will address the World Leaders’ Climate Action Summit at the COP29 conference in Baku today, Wednesday, where he is expected to discuss the risks posed to Pakistan by climate change and pitch a new fund to help developing countries pay for damages.
Nearly 200 nations have gathered in Baku, Azerbaijan, for UN climate talks this week. The main focus of the talks is climate finance, which involves wealthier nations compensating poor countries for damages from climate change’s weather extremes, helping them pay to transition their economies away from fossil fuels and helping them with adaptation.
Speaking on the sidelines of the World Leaders’ Climate Action Summit on Tuesday, Sharif said developing countries would need an estimated $6.8 trillion by 2030 to implement less than half of their current nationally determined contributions (NDCs), or national action plans for reducing emissions and adapting to climate impacts defined by the Paris Agreement.
“In his speech [Wednesday], the Prime Minister will shed light on the threats posed to Pakistan by climate change and highlight the country’s efforts to tackle environmental risks.,” Radio Pakistan reported.
“He will also speak about the responsibilities of developed countries and the establishment of a new fund in this regard.”
Sharif will also hold a meeting with the president of Azerbaijan, Ilham Aliyev, today and discuss bilateral cooperation, particularly in energy and regional connectivity.
