Karachi
\nThe Overseas Investors Chamber of Commerce & Industry (OICCI) demonstrated its commitment to driving meaningful climate action at COP28 by hosting a pivotal high-level dialogue in collaboration with the Ministry of Climate Change (MoCC).
\nNestled within the exclusive Blue Zone of the Pakistan pavilion in Expo City Dubai, the dialogue, themed \u2018Decarbonization and the Role of the Private Sector\u2019, tackled pressing issues such as mobilising private capital for achieving Net Zero carbon emissions, evaluating carbon market efficacy, and fortifying public-private partnerships.
\nThe distinguished panel comprised experts from various sectors, such as Dr. Karen Olsen, Carbon Market Advisor, United Nations Environment Program (UNEP), Dr. Charles Ehrhart, Global Head Climate Risk, Resilience; Adaptation, Partner, KPMG International, Dr. Anis Nassar, Lead Decarbonization; Circularity, World Economic Forum (WEF), Fiona Duggan, Global Sustainability Senior Manager for Climate Advocacy, Unilever, Lina Osman, Regional Head of Sustainable Finance \u2013 West, Standard Chartered Bank, and Angelo Sartori, Director Regional Engagement, Verra.
\nThe panel underscored the urgency for businesses to decarbonize supply chains, emphasising affordable levers such as circularity, efficiency, and renewable power. It identified OICCI, along with other businesses, as critical platforms for mobilising multi-sector business coalitions to drive sustainable practices and inform public policies. Amir Paracha, President, OICCI, highlighted the significance of private sector engagement in achieving Pakistan\u2019s Nationally Determined Contributions (NDCs), stating, \u201cOur dialogue at COP28 was not just a conversation, but a commitment to sustainable practices.
\nThe private sector plays a pivotal role in driving innovation and solutions for a resilient, low-carbon future. OICCI is dedicated to spearheading this effort and supporting Pakistan\u2019s climate goals.\u201d Earlier during the year, furthering its commitment to climate action, OICCI organised its second Pakistan Climate Conference on November 01, where the urgent need to boost financial efforts for the environment took centre stage.
\nSpeaking at the conference, Caretaker Finance Minister Dr. Shamshad Akhtar, emphasised the need for approximately USD340 billion in investment by 2030. Despite contributing less than 1% of global per capita emissions, Pakistan consistently ranks among the top 10 most vulnerable countries to climate action.
\nM. Abdul Aleem, CE\/Secretary General, OICCI, stated \u201cBy partnering with MOCC at COP28, OICCI reaffirmed its commitment to champion private sector leadership in climate-resilient infrastructure, green energy, and sustainable agriculture.
\nThis commitment,\u201d continued M. Abdul Aleem, \u201cis crucial for Pakistan and will help fucus the efforts to mitigating climate disasters and empowering the affected communities.\u201d The OICCI is the collective voice of major foreign investors in Pakistan, with over 200 members, from more than 30 countries. OICCI members contribute over one-third of Pakistan\u2019s total tax revenue and are involved in 14 sectors of the economy.
\nThey facilitate the transfer of technology and skills and provide employment to a significant number of people.
\nAbout a third of OICCI member companies are listed on the Pakistan Stock Exchange, and many are associates of Global Fortune 500 companies. OICCI members also engage in corporate social responsibility activities benefiting 46 million persons from underprivileged communities.<\/p>\n","protected":false},"excerpt":{"rendered":"
Karachi The Overseas Investors Chamber of Commerce & Industry (OICCI) demonstrated its commitment to driving meaningful climate action at COP28 by hosting a pivotal high-level dialogue in collaboration with the Ministry of Climate Change (MoCC). Nestled within the exclusive Blue Zone of the Pakistan pavilion in Expo City Dubai, the dialogue, themed \u2018Decarbonization and the […]<\/p>\n","protected":false},"author":2,"featured_media":374307,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-374281","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national"},"yoast_head":"\n