Panelists discuss green financing as a catalyst for climate action in Pakistan
\n Karachi
\nThe Overseas Investors Chamber of Commerce and Industry (OICCI) underscored the essential role of public-private collaboration in tackling Pakistan\u2019s climate challenges at COP 29.
\nThe OICCI, which is part of the Pakistan delegation at COP 29, organized a dialogue titled \u201cUnlocking Pakistan\u2019s Climate Future with Public-Private Partnerships,\u201d at the Pakistan Pavilion and brought together prominent industry leaders, government officials, and global climate experts to discuss financing strategies that can drive climate resilience and green investments in Pakistan.
\nOICCI\u2019s participation in COP 29 reflects its dedication to promoting sustainable business practices and supporting policies that encourage climate finance. As Pakistan continues its path toward meeting its climate objectives, OICCI remains committed to mobilizing resources and fostering collaboration to build a climate-resilient future. Through these initiatives, OICCI aims to lay the groundwork for a sustainable, climate-smart Pakistan.
\nOICCI Secretary General M. Abdul Aleem stressed the private sector\u2019s critical role in bridging Pakistan\u2019s $152 billion climate adaptation gap, noting that \u201csupportive policies and incentives are essential for scaling climate-smart investments.\u201d Andrew Bailey, Managing Director at BASF Pakistan, underlined the importance of resilient financial systems, adding that \u201cOICCI members are advancing Net Zero goals through investments in clean energy, green financing, and climate resilience, turning climate action into a pathway for sustainable growth.\u201d
\nRob Cameron, Global Head of ESG Engagement at Nestl\u00e9, highlighted Nestl\u00e9 Pakistan\u2019s role in water regeneration, \u201cPreserving water resources and regeneration is part of Nestl\u00e9\u2019s legacy and under the Caring for Water \u2013 Pakistan initiative, drip irrigation and smart soil moisture sensors have been operational across 128 acres in Punjab and 183 acres in Sindh and with these efforts, Nestl\u00e9 is advancing regenerative agriculture across its value chain.\u201d
\nVeronica Nyhan Jones discussed the critical role of innovative climate finance instruments in advancing climate-smart agriculture and sustainable land-use projects in Pakistan. \u201cSuch instruments, such as sustainability linked financing and thematic bonds such as green, blue, or biodiversity finance can provide the financial structure needed to attract private capital, de-risk investments, and accelerate climate resilience in vulnerable regions,\u201d she stated.
\n\u201cHowever, for their successful adoption, addressing barriers through technical assistance is essential. IFC is the partner of choice for the private sector in the region, providing both thematic finance and advice through programs such as EDGE, Building Resilience Index, and Sustainable Cooling, among others.\u201d
\nFiona Duggan, Global Sustainability Climate Lead at Unilever, stressed the need for regulatory reforms and financial incentives to scale circular economy practices discussed how companies must embed climate resilience into their supply chains for broader impact. Thomas Beloe, Director of UNDP\u2019s Sustainable Finance Hub, shared his expertise on mobilizing climate finance.
\n\u201cResults-based blended finance is key to unlock critical private capital to invest in Pakistan\u2019s climate resilience and adaptation. Catalytic collaboration between local public institution and the private sector is essential for the development, and scale, of bankable sustainable project\u201d.
\nDr. Fatima Khushnood, Executive Director, Pakistan Environment Trust remarked on the importance of collaboration across industries, stating \u201cAs investors, consumers, and governments increasingly prioritize sustainability, businesses must adapt.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Panelists discuss green financing as a catalyst for climate action in Pakistan Karachi The Overseas Investors Chamber of Commerce and Industry (OICCI) underscored the essential role of public-private collaboration in tackling Pakistan\u2019s climate challenges at COP 29. The OICCI, which is part of the Pakistan delegation at COP 29, organized a dialogue titled \u201cUnlocking Pakistan\u2019s […]<\/p>\n","protected":false},"author":2,"featured_media":443695,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-443679","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n