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Pakistan urges simpler climate finance for vulnerable nations at Geneva forum
Pakistan urges simpler climate finance for vulnerable nations at Geneva forum

Arab News

time30-04-2025

  • Business
  • Arab News

Pakistan urges simpler climate finance for vulnerable nations at Geneva forum

ISLAMABAD: Pakistan's Environment Minister Musadik Malik on Wednesday urged the international community to ease access to climate finance for vulnerable nations, saying Pakistan contributes less than one percent to global emissions but remains among the hardest hit by climate change. Speaking in Geneva at a UN Capital Development Fund session on the sidelines of the Basel, Rotterdam and Stockholm (BRS) Conventions, Malik said developing countries like Pakistan face mounting climate threats despite minimal emissions and need more support from global financial institutions. The BRS conventions are multilateral environmental agreements which focus on hazardous chemicals and waste management. 'Pakistan is among the countries most severely affected by climate change,' the Pakistani minister said, according to an official statement, adding this was despite the fact that it 'contributes less than one percent to global carbon emissions.' 'The federal minister emphasized the need to simplify climate finance support,' the statement continued. Malik reaffirmed Pakistan's commitment to the Paris Agreement, a legally binding international treaty aimed at limiting global warming to below 2°C. He said Pakistan was actively pursuing its Nationally Determined Contributions (NDCs), with a focus on green growth, renewable energy and sustainable water systems. Pakistan has faced recurring heatwaves, droughts and devastating floods. In 2022, unprecedented monsoon rains left a third of the country submerged, killing about 1,700 people and leading to over $35 billion in infrastructure damage. Pakistan also played a leading role in establishing the global loss and damage fund for climate-hit countries, though the mechanism has yet to become fully functional. 'Global development is not possible without climate justice,' Malik said, as he appealed for effective cooperation from international financial institutions for developing countries.

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