{"id":371842,"date":"2023-12-02T21:06:13","date_gmt":"2023-12-02T16:06:13","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=371842"},"modified":"2023-12-02T21:06:13","modified_gmt":"2023-12-02T16:06:13","slug":"pm-kakar-announces-77-8-million-recharge-pakistan-fund-at-cop28-for-ecosystem-based-climate-adaptation","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/pm-kakar-announces-77-8-million-recharge-pakistan-fund-at-cop28-for-ecosystem-based-climate-adaptation\/","title":{"rendered":"PM Kakar announces $77.8 million \u2018Recharge Pakistan\u2019 fund at COP28 for ecosystem-based climate adaptation"},"content":{"rendered":"<p>DUBAI<\/p>\n<p>In an historic announcement at the COP28 summit in Dubai, Prime Minister  Anwarul Haq Kakar on Saturday announced \u201cRecharge Pakistan&#8221;\u2014 a 7-year, $77.8 million activity to use nature to help adapt to climate change.<\/p>\n<p>The announcement was made at Pakistan\u2019s pavilion where delegates, environmentalists, and world leaders gathered to discuss and find solutions to climate change-related challenges.<\/p>\n<p>Addressing the global community at COP28, Prime Minister Kakar emphasized collective action against climate change. <\/p>\n<p>Not only does Recharge Pakistan help Pakistan pivot towards ecosystem-based adaptation and green infrastructure, but it places this country\u2019s communities at the center of climate and resource management decision-making.\u201d<\/p>\n<p>&#8216;Recharge Pakistan&#8217; will be a big step for Pakistan to protect itself from the effects of climate change.<\/p>\n<p>Recharge Pakistan has unlocked a total of $77.8 million in grants \u2013 with $66 million from Global Climate Fund (GFC); $5 million from USAID; $5 million from The Coca Cola foundation, and $1.8 million from WWF. <\/p>\n<p>The activity will revolutionize the way Pakistan takes care of its environment. It will use nature-based solutions and help ecosystems adapt. <\/p>\n<p>It will also improve the health of the Indus Basin, making it stronger against climate change, and protect the vulnerable people in that area.<\/p>\n<p>US Ambassador to Pakistan Donald Blome stated that \u201cRecharge Pakistan was a groundbreaking partnership between our two governments, the Green Climate Fund, the Coca-Cola Foundation, and the World Wildlife Fund. <\/p>\n<p>At COP28, Dr. Adil Najam emphasized the personal significance of understanding the Indus River&#8217;s narrative and the Living Indus Initiative. Advocating for collaborative efforts, he acknowledged Pakistan&#8217;s challenges and envisioned a healthy Indus. <\/p>\n<p>QU Dongyu, Director-General of FAO, highlighted FAO&#8217;s role in shaping Pakistan&#8217;s agriculture sector and discussed plans to adapt collaboration models for effective climate change solutions. Dr. Rachael McDonnell stressed the impact of climate change on water resources, emphasizing the need for technology and collaborations in water-associated initiatives.<\/p>\n<p> Xiaohong Yang from ADB outlined the shift to green infrastructure, recognizing the importance of private sector investment in addressing Pakistan&#8217;s unique challenges for a thriving Living Indus.<br \/>\nFocusing on \u201cgreen infrastructure\u201d and using nature to adapt is an important move because climate change incidents are happening more and getting worse, making Pakistan\u2019s financial problems even bigger. The fact that the Global Climate Fund (GFC) has approved this activity shows that the world understands its importance for Pakistan\u2019s climate change resilience.<\/p>\n<p>Saadia Madsbjerg, President of The Coca Cola Foundation stated, \u201cWe are excited to provide USD 5 million as part of a funding coalition that has successfully brought multiple partners to resolve a complex problem. With our partners, we stand shoulder-to-shoulder with the vulnerable Pakistani communities susceptible to the threat of floods along the Indus River. 90% of agricultural production in Pakistan is supported by the Indus Basin, and nature-based solutions to improve river health are therefore a critical part of long-term sustainability.\u201d<br \/>\nSpeaking on behalf of WWF, President WWF, Dr Adil Najam stated, \u201cThis is a momentous occasion for Pakistan as the Recharge Pakistan project is a testament to the shared<br \/>\nresponsibility we bear towards our environment and communities. Because of the 2022 floods,<br \/>\nwe stood at a crossroads as to how we perceive climate adaptation in Pakistan. With this project we are restoring the Indus Basin and fortifying Pakistan\u2019s resilience.\u201d Additionally,<br \/>\nHammad Naqi Khan Director General WWF-Pakistan in his closing remarks at the session stated, \u201cThrough ecosystem-based adaptation and nature-based solutions, we are taking a bold<br \/>\nstep towards safeguarding our ecosystems and ensuring a sustainable legacy for generations to<br \/>\ncome. We are thankful to all the stakeholders for ensuring that this project has come to fruition.\u201d<br \/>\nRecharge Pakistan is a collaborative effort of Pakistan\u2019s Ministry of Climate Change),<br \/>\nthe Federal Flood Commission under the Ministry of Water Resources, local communities in Dera Ismail Khan, the Ramak Watershed, and Manchar-Chakar Watershed, the Green Climate Fund , the US Agency for International Development, the Coca-Cola Foundation, and the World Wildlife Fund.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DUBAI In an historic announcement at the COP28 summit in Dubai, Prime Minister Anwarul Haq Kakar on Saturday announced \u201cRecharge Pakistan&#8221;\u2014 a 7-year, $77.8 million activity to use nature to help adapt to climate change. The announcement was made at Pakistan\u2019s pavilion where delegates, environmentalists, and world leaders gathered to discuss and find solutions to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":367306,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-371842","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PM Kakar announces $77.8 million \u2018Recharge Pakistan\u2019 fund at COP28 for ecosystem-based climate adaptation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/pm-kakar-announces-77-8-million-recharge-pakistan-fund-at-cop28-for-ecosystem-based-climate-adaptation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM Kakar announces $77.8 million \u2018Recharge Pakistan\u2019 fund at COP28 for ecosystem-based climate adaptation\" \/>\n<meta property=\"og:description\" content=\"DUBAI In an historic announcement at the COP28 summit in Dubai, Prime Minister Anwarul Haq Kakar on Saturday announced \u201cRecharge Pakistan&#8221;\u2014 a 7-year, $77.8 million activity to use nature to help adapt to climate change. The announcement was made at Pakistan\u2019s pavilion where delegates, environmentalists, and world leaders gathered to discuss and find solutions to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/pm-kakar-announces-77-8-million-recharge-pakistan-fund-at-cop28-for-ecosystem-based-climate-adaptation\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-02T16:06:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2023\/11\/Anwaar-ul-Haq-Kakar.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"460\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" 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