Pakistan needs to engage with int'l community to boost climate finance: official-Xinhua

Pakistan needs to engage with int'l community to boost climate finance: official

Source: Xinhua

Editor: huaxia

2024-05-15 16:03:00

ISLAMABAD, May 15 (Xinhua) -- Romina Khurshid Alam, coordinator to the Pakistani prime minister on climate change and environmental coordination, has said that the country needs to engage with the international community and forge partnerships that enable greater access to climate finance.

"By positioning ourselves as proactive and constructive players on the global stage, we can attract the necessary investments to drive our climate resilience efforts forward," Alam said on Tuesday while addressing a seminar on climate finance here.

Talking about the measures taken by the Pakistani government in facilitating the private sector for more robust investments in climate resilience, the official underlined that an enabling environment is being fostered to incentivize sustainable practices and mitigate investment risks.

"Establishment of a single data repository across different ministries is paramount for attracting international climate finance ... Through enhanced data management and information sharing, the country can nurture greater trust and collaboration in the pursuit of climate finance," she said.

Alam said that the challenges Pakistan faces related to climate change are multi-faceted, demanding innovative solutions and concerted efforts at both the national and international levels.

"In this regard, the role of non-state technocrats could not be ignored as their expertise and insights are invaluable in designing bankable projects that not only address climate vulnerabilities but also unlock economic opportunities for the local communities," she added.