Federal Minister for Climate Change Dr. Musadik Masood Malik on Thursday called for climate justice, urging industrialized nations to take responsibility for their carbon emissions by purchasing carbon credits from climate-vulnerable countries like Pakistan.<\/p>\n
Addressing a press conference, the minister asserted that Pakistan was no longer a weak nation but a respected one committed to climate action for future generations.<\/p>\n
Despite facing severe climate disasters, the country remains dedicated to sustainable development and a green economic transition.<\/p>\n
Dr. Malik criticized the global disparity in climate financing, revealing that 85% of green finance is funneled to the U.S., China, and Western nations, while developing countries like Pakistan are pressured to pay additional taxes.<\/p>\n
\u201cPakistan is not begging for loans\u2014we are seeking investment to build a green economy,\u201d he declared, emphasizing the need for fair climate funding mechanisms.<\/p>\n
Under Prime Minister Shehbaz Sharif\u2019s directives, he said Pakistan has finalized regulations for its Green Climate Fund, which will soon be unveiled.<\/p>\n
The initiative, Musadik said, aims to boost green jobs, sustainable infrastructure, and renewable energy projects, aligning with the PM\u2019s appeal at COP 29 for global investors to support Pakistan\u2019s eco-friendly transition.<\/p>\n
The minister praised provincial initiatives contributing to climate resilience, including, Punjab\u2019s plans to install 250 water treatment plants and the Ravi Urban Development Authority\u2019s carbon credit schemes to combat pollution.
\nSindh\u2019s expansion of mangrove projects to enhance carbon trading and coastal protection and Margalla Hills\u2019 pilot carbon credit project to restore ecosystems damaged by climate change.<\/p>\n
To streamline green financing, Dr Malik said Pakistan is establishing a Carbon Exchange Company, positioning itself as a key player in global climate markets.<\/p>\n
\u201cWe welcome global partnerships to fight climate change while ensuring prosperity for our people,\u201d Dr. Malik stated, reinforcing Pakistan\u2019s commitment to climate justice and sustainable growth.<\/p>\n","protected":false},"excerpt":{"rendered":"
Federal Minister for Climate Change Dr. Musadik Masood Malik on Thursday called for climate justice, urging industrialized nations to take responsibility for their carbon emissions by purchasing carbon credits from climate-vulnerable countries like Pakistan. Addressing a press conference, the minister asserted that Pakistan was no longer a weak nation but a respected one committed to […]<\/p>\n","protected":false},"author":2,"featured_media":471645,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-471633","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news"},"yoast_head":"\n