Malik calls for climate-resilient projects
Federal Minister for Climate Change and Environmental Coordination, Musadik Malik, participated in the FfD4 side event titled "Swapping out Debt for Development: The DSC Financing Approach", held in Seville, Spain.
According to a statement released on Thursday, the mnister joined the session alongside Pakistan's Federal Minister for Finance, Muhammad Aurangzeb, and Minister of State for Climate Change and Environmental Coordination, Shezra Mansab Ali Khan.
Participants deliberated on innovative financial approaches to align debt relief with investments in climate resilience and development priorities.
During the session, Malik discussed the need for climate-resilient projects and emphasised the importance of exploring avenues for green energy production, particularly solar energy. He emphasised that sustainable development must go hand in hand with debt relief and green innovation.
He also highlighted the potential of oceans and rivers as untapped resources that could contribute meaningfully toward sustainable development. "Our focus should be on long-term climate resilience rather than short-term relief," Malik said during the session.
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