ISLAMABAD: Pakistan’s Environment Minister Musadik Malik on Wednesday urged the international community to ease access to climate finance for vulnerable nations, saying Pakistan contributes less than one percent to global emissions but remains among the hardest hit by climate change.
Speaking in Geneva at a UN Capital Development Fund session on the sidelines of the Basel, Rotterdam and Stockholm (BRS) Conventions, Malik said developing countries like Pakistan face mounting climate threats despite minimal emissions and need more support from global financial institutions.
The BRS conventions are multilateral environmental agreements which focus on hazardous chemicals and waste management.
“Pakistan is among the countries most severely affected by climate change,” the Pakistani minister said, according to an official statement, adding this was despite the fact that it “contributes less than one percent to global carbon emissions.”
“The federal minister emphasized the need to simplify climate finance support,” the statement continued.
Malik reaffirmed Pakistan’s commitment to the Paris Agreement, a legally binding international treaty aimed at limiting global warming to below 2°C.
He said Pakistan was actively pursuing its Nationally Determined Contributions (NDCs), with a focus on green growth, renewable energy and sustainable water systems.
Pakistan has faced recurring heatwaves, droughts and devastating floods.
In 2022, unprecedented monsoon rains left a third of the country submerged, killing about 1,700 people and leading to over $35 billion in infrastructure damage.
Pakistan also played a leading role in establishing the global loss and damage fund for climate-hit countries, though the mechanism has yet to become fully functional.
“Global development is not possible without climate justice,” Malik said, as he appealed for effective cooperation from international financial institutions for developing countries.
Pakistan urges simpler climate finance for vulnerable nations at Geneva forum
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Pakistan urges simpler climate finance for vulnerable nations at Geneva forum
- Environment Minister Musadik Malik says global development not possible without climate justice
- He says Pakistan is highly climate-vulnerable despite contributing less than 1 percent to global emissions
PM Sharif calls on Pakistan, UAE to enhance cooperation in trade and investment
- Prime Minister Shehbaz Sharif meets UAE Ambassador Salem Mohammed Salem Al Bawab Al Zaabi
- Sharif invites collaboration with UAE in energy, minerals, IT, railways and aviation sectors, says PMO
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday called on Pakistan and the UAE to enhance their trade, economic and investment relations, inviting investment from the Gulf country in Pakistan’s priority sectors.
The UAE is Pakistan’s third-largest trading partner and a major source of foreign investment for the South Asian country. In May 2024, the UAE committed to investing $10 billion in Pakistan’s economic sectors in the coming years.
Sharif met UAE Ambassador Salem Mohammed Salem Al Bawab Al Zaabi at the Prime Minister House on Tuesday where the two sides discussed bilateral relations and economic ties, the Prime Minister’s Office (PMO) said.
“Expressing his satisfaction at the volume of bilateral trade between the two sides, the Prime Minister further highlighted the need for both sides to focus on enhancing economic ties, trade, investment opportunities, and collaboration in areas such as energy, minerals, IT, railways and aviation,” the statement said.
Sharif also invited increased UAE investments in key sectors to support Pakistan’s economic growth and stability, the PMO said.
The Pakistani prime minister acknowledged the UAE’s consistent support for Pakistan “in times of need,” acknowledging the country’s humanitarian assistance and developmental projects.
Al Zaabi thanked the Pakistani premier for extending him a warm welcome, the PMO said.
“He reaffirmed the UAE’s firm resolve and keen interest to deepen its partnership with Pakistan across all spheres and assured the Prime Minister that he would work hard to explore new avenues for cooperation that would benefit both nations,” the statement concluded.
