Latest news with #ClimateChangeandEnvironmentalCoordination
Express Tribune
3 days ago
- Business
- Express Tribune
Pakistan, ADB push for climate strategy tied to carbon markets
Minister of State for Petroleum Dr Musadik Malik addressing a press conference in Islamabad on December 5, 2022. PHOTO: PID Listen to article Federal Minister for Climate Change and Environmental Coordination, Dr Musadik Malik, met with an Asian Development Bank (ADB) delegation led by Toru Kubo, Senior Director for Climate Change and Sustainable Development (CCSD), to explore collaboration in carbon markets and shape a new climate strategy. According to a press release issued Thursday, both sides agreed to formulate a comprehensive, impact-driven strategy with a focus on carbon credit mobilisation, climate innovation, and outcomes-based project implementation. Malik assured ADB of full ministerial cooperation and active engagement in the strategy's development. Kubo reaffirmed ADB's support, highlighting the Bank's efforts to help Developing Member Countries invest in low-carbon technologies, boost carbon finance readiness, and access international carbon markets.
Business Recorder
3 days ago
- Business
- Business Recorder
Pakistan, ADB eye carbon markets as next frontier for green growth
Authorities in Islamabad and the Asian Development Bank (ADB) have agreed to chart a collaborative strategy on carbon markets and climate innovation. The development came during a meeting between Federal Minister for Climate Change and Environmental Coordination, Dr Musadik Malik, with a high-level delegation of the ADB, led by Toru Kubo, Senior Director of Climate Change and Sustainable Development (CCSD), to explore collaborative opportunities in carbon markets and forge the path for a new climate strategy grounded in economic and environmental synergy. According to a statement released by the Ministry of Climate Change, the meeting marked a significant step forward in aligning Pakistan's national climate strategy with international best practices and market-driven climate finance solutions. Pakistan receives $500 million from ADB for climate programme 'Both sides agreed to formulate a comprehensive, mutually aligned climate change strategy, with a specific focus on carbon credit mobilisation, climate innovation, and outcomes-based project implementation,' read the statement. During the meeting, Malik assured ADB of full ministerial cooperation and hands-on involvement in the formulation of the strategy, emphasising that it must remain impact-driven, transparent, and results-oriented. Toru Kubo reiterated ADB's strong support, noting that the bank continues to assist its Developing Member Countries (DMCs) by catalysing investments in low-carbon technologies, advancing carbon finance readiness, and enhancing the ability of countries like Pakistan to access and benefit from global carbon markets. The two sides also discussed how Pakistan can strategically link Sustainable Development Goals (SDGs) to its carbon finance agenda, thereby transforming climate action into a source of economic strength and international credibility. 'As global interest in carbon markets surges, Pakistan is poised to become a regional pioneer by strategically positioning itself in this evolving financial ecosystem,' read the statement.
Express Tribune
13-05-2025
- Politics
- Express Tribune
Pakistan invited to Nepal climate forum
Pakistan and Nepal reaffirmed their commitment to regional climate cooperation during a meeting between Federal Minister for Climate Change and Environmental Coordination Dr Musadik Malik and Nepalese Ambassador Rita Dhital on Tuesday. The meeting focused on regional peace and environmental collaboration, with the visiting ambassador extending an invitation to Dr Malik to attend Nepal's inaugural regional Climate Dialogue Forum. The event, which will bring together climate ministers from across South Asia and beyond, aims to conclude with a non-binding declaration on climate action.
