ISLAMABAD: Pakistan is exploring ways to develop bankable climate projects by drawing on China’s experience in green financing, technology and carbon markets, officials said on Monday after talks between the two sides in Islamabad.
Pakistan is among the countries most vulnerable to climate change, facing increasingly frequent extreme weather events, including floods and heatwaves, and has been seeking greater access to climate finance and technology to support adaptation and mitigation efforts.
On Monday, Federal Minister for Climate Change and Environmental Coordination Dr. Musadik Malik met Ma Jun, the president of the Institute of Finance and Sustainability, in Islamabad to discuss green finance, technology and project development.
The discussions focused on how Pakistan can mobilize investment and technical expertise to scale climate solutions, as it seeks to transition toward a more sustainable economy while remaining highly vulnerable to climate shocks.
“Pakistan is keen to benefit from global best practices and partnerships to accelerate its transition toward a green and sustainable economy,” Malik was quoted as saying in a statement released by the information ministry.
During the meeting, Ma briefed the minister on China’s Green Accelerator Program, launched in 2016, which aims to develop commercially viable climate projects by combining financing, technology and carbon market mechanisms.
According to the statement, Ma said China had built the world’s largest green financing system, valued at about $7 trillion, and had emerged as a leading producer of renewable energy equipment and electric vehicles.
The discussions also focused on practical applications of green technologies in different countries, including sustainable agriculture, precision irrigation and low-carbon production models.
Malik also outlined Pakistan’s “Green Fields” initiative, which is under development and aims to connect young entrepreneurs working on environmentally focused ventures with domestic and international investors.
The program is intended to promote green entrepreneurship and create opportunities for youth to contribute to climate solutions, officials said.
