Web Desk

<p id="isPasted" style="line-height: 2;"><strong><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;">ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif on Wednesday called upon the international community to honor its commitment on climate finance, stressing that debt-driven finance cannot address the climate catastrophe confronting vulnerable nations such as Pakistan.</span></strong></p><p style="line-height: 2;"><br></p><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;">&ldquo;Loans over loans, [and] adding to loans is not a solution,&rdquo; Sharif said, while speaking at the Special Climate Event convened by UN Secretary-General Ant&oacute;nio Guterres along with the President of Brazil (COP-30 Host) for Member States to present new Nationally Determined Contributions (NDCs) with year 2035 targets.</span></p><div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-8" scrolling="no" frameborder="0" allowtransparency="true" allowfullscreen="true" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-8&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=1970976770250948902&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Fdashboard%2F&sessionId=0694ba007bfe0945f9eda993896e78df390988cc&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px" style="position: static; visibility: visible; width: 550px; height: 648px; display: block; flex-grow: 1;" data-tweet-id="1970976770250948902"></iframe></div></div><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;">Sharif expressed Pakistan&rsquo;s commitment to be part of the solution to the climate crisis, hoping that the international community would also honor its commitment for the sake of the future generations.</span></p><p style="line-height: 2;"><br></p><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;"><strong>Over five million impacted&nbsp;</strong></span></p><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;">He reminded delegates that Pakistan was still reeling from the scars of the 2022 floods, which inflicted losses exceeding $30 billion and displaced millions.&nbsp;</span></p><p style="line-height: 2;"><br></p><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;">&ldquo;This year, intense monsoon rains, cloudbursts, flash floods and devastating urban flooding have impacted more than five million people, destroyed 4,100 villages, and claimed over 1,000 precious lives,&rdquo; Sharif added.</span></p><div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-2" scrolling="no" frameborder="0" allowfullscreen="true" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-2&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=1970935330904944821&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Fdashboard%2F&sessionId=0694ba007bfe0945f9eda993896e78df390988cc&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px" style="position: static; visibility: visible; width: 550px; height: 626px; display: block; flex-grow: 1;"><span class="fr-mk" style="display: none;">&nbsp;</span><span class="fr-mk" style="display: none;">&nbsp;</span><span class="fr-mk" style="display: none;">&nbsp;</span></iframe></div></div><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;">Highlighting Pakistan&rsquo;s minimal contribution to global greenhouse gas emissions, the prime minister said that despite negligible contribution to global greenhouse gas emissions, &ldquo;We bear impacts far beyond our share&rdquo;.</span></p><p style="line-height: 2;"><br></p><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;"><strong>Pakistan&#39;s national adaptation plan</strong></span></p><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;">However, he pointed out that our commitment to delivering on our climate agenda, remained steadfast and unwavering. &ldquo;In our 2021 nationally determined contribution, Pakistan committed to an unconditional 15% reduction in projected greenhouse gas emissions by 2030.&rdquo;</span></p><div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-7" scrolling="no" frameborder="0" allowtransparency="true" allowfullscreen="true" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-7&features=eyJ0ZndfdGltZWxpbmVfbGlzdCI6eyJidWNrZXQiOltdLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2ZvbGxvd2VyX2NvdW50X3N1bnNldCI6eyJidWNrZXQiOnRydWUsInZlcnNpb24iOm51bGx9LCJ0ZndfdHdlZXRfZWRpdF9iYWNrZW5kIjp7ImJ1Y2tldCI6Im9uIiwidmVyc2lvbiI6bnVsbH0sInRmd19yZWZzcmNfc2Vzc2lvbiI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfZm9zbnJfc29mdF9pbnRlcnZlbnRpb25zX2VuYWJsZWQiOnsiYnVja2V0Ijoib24iLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X21peGVkX21lZGlhXzE1ODk3Ijp7ImJ1Y2tldCI6InRyZWF0bWVudCIsInZlcnNpb24iOm51bGx9LCJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3Nob3dfYmlyZHdhdGNoX3Bpdm90c19lbmFibGVkIjp7ImJ1Y2tldCI6Im9uIiwidmVyc2lvbiI6bnVsbH0sInRmd19kdXBsaWNhdGVfc2NyaWJlc190b19zZXR0aW5ncyI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfdXNlX3Byb2ZpbGVfaW1hZ2Vfc2hhcGVfZW5hYmxlZCI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfdmlkZW9faGxzX2R5bmFtaWNfbWFuaWZlc3RzXzE1MDgyIjp7ImJ1Y2tldCI6InRydWVfYml0cmF0ZSIsInZlcnNpb24iOm51bGx9LCJ0ZndfbGVnYWN5X3RpbWVsaW5lX3N1bnNldCI6eyJidWNrZXQiOnRydWUsInZlcnNpb24iOm51bGx9LCJ0ZndfdHdlZXRfZWRpdF9mcm9udGVuZCI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9fQ%3D%3D&frame=false&hideCard=false&hideThread=false&id=1970957455145435489&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Fdashboard%2F&sessionId=0694ba007bfe0945f9eda993896e78df390988cc&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px" style="position: static; visibility: visible; width: 550px; height: 873px; display: block; flex-grow: 1;" data-tweet-id="1970957455145435489"></iframe></div></div><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;">As part of the overall target of cutting emissions by 50%, he shared that Pakistan had already delivered on its unconditional pledge of a 15% reduction.&nbsp;</span></p><p style="line-height: 2;"><br></p><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;">&ldquo;Renewables are presently providing over 32% of Pakistan&#39;s power mix. Solar energy has grown seven-fold since 2021,&rdquo; the prime minister added.</span></p><p style="line-height: 2;"><br></p><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;">Furthermore, he emphasized that 23,000 hectares of mangrove forests had been restored. &ldquo;However, the implementation of Pakistan&#39;s national adaptation plan is hampered and hampered severely due to inadequate international climate finance,&rdquo; he regretted.</span></p><p style="line-height: 2;"><br></p><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;">Premier Sharif announced to increase the share of renewables and hydropower to 62% of the country&rsquo;s energy mix by 2035, expanding nuclear energy capacity by 1,200 megawatt by 2030, shifting 30% of transport to cleaner mobility by 2030, and establishing 3,000 charging stations nationwide, scaling up climate smart agriculture, safeguarding water security, and advancing the implantation of one billion trees.</span></p><p style="line-height: 2;"><br></p><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;"><strong>&lsquo;Still possible&rsquo;&nbsp;</strong></span></p><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;">Earlier, in his remarks, UN Secretary-General Antonio Guterres said that it was still possible to limit global temperature rise to 1.5 degrees by century&rsquo;s end.</span></p><div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-3" scrolling="no" frameborder="0" allowfullscreen="true" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-3&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=1970917340788424745&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Fdashboard%2F&sessionId=0694ba007bfe0945f9eda993896e78df390988cc&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px" style="position: static; visibility: visible; width: 550px; height: 945px; display: block; flex-grow: 1;"><span class="fr-mk" style="display: none;">&nbsp;</span><span class="fr-mk" style="display: none;">&nbsp;</span></iframe></div></div><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;">He told the gathering that clean energy was powering jobs, growth and sustainable development besides generating the fastest and cheapest electricity and insulating economies from volatile fossil fuel markets.</span></p><p style="line-height: 2;"><br></p><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;"><strong>&lsquo;Climate action is imperative&rsquo;</strong></span></p><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;">&quot;The bottom-line: clean is competitive, and climate action is imperative,&quot; he remarked.</span></p><div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-4" scrolling="no" frameborder="0" allowfullscreen="true" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-4&features=eyJ0ZndfdGltZWxpbmVfbGlzdCI6eyJidWNrZXQiOltdLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2ZvbGxvd2VyX2NvdW50X3N1bnNldCI6eyJidWNrZXQiOnRydWUsInZlcnNpb24iOm51bGx9LCJ0ZndfdHdlZXRfZWRpdF9iYWNrZW5kIjp7ImJ1Y2tldCI6Im9uIiwidmVyc2lvbiI6bnVsbH0sInRmd19yZWZzcmNfc2Vzc2lvbiI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfZm9zbnJfc29mdF9pbnRlcnZlbnRpb25zX2VuYWJsZWQiOnsiYnVja2V0Ijoib24iLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X21peGVkX21lZGlhXzE1ODk3Ijp7ImJ1Y2tldCI6InRyZWF0bWVudCIsInZlcnNpb24iOm51bGx9LCJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3Nob3dfYmlyZHdhdGNoX3Bpdm90c19lbmFibGVkIjp7ImJ1Y2tldCI6Im9uIiwidmVyc2lvbiI6bnVsbH0sInRmd19kdXBsaWNhdGVfc2NyaWJlc190b19zZXR0aW5ncyI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfdXNlX3Byb2ZpbGVfaW1hZ2Vfc2hhcGVfZW5hYmxlZCI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfdmlkZW9faGxzX2R5bmFtaWNfbWFuaWZlc3RzXzE1MDgyIjp7ImJ1Y2tldCI6InRydWVfYml0cmF0ZSIsInZlcnNpb24iOm51bGx9LCJ0ZndfbGVnYWN5X3RpbWVsaW5lX3N1bnNldCI6eyJidWNrZXQiOnRydWUsInZlcnNpb24iOm51bGx9LCJ0ZndfdHdlZXRfZWRpdF9mcm9udGVuZCI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9fQ%3D%3D&frame=false&hideCard=false&hideThread=false&id=1970944446255550612&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Fdashboard%2F&sessionId=0694ba007bfe0945f9eda993896e78df390988cc&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px" style="position: static; visibility: visible; width: 550px; height: 1041px; display: block; flex-grow: 1;"><span class="fr-mk" style="display: none;">&nbsp;</span></iframe></div></div><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;">He said that the Paris Agreement had made a difference as in the last 10 years and &quot;now, we need new plans for 2035 that go much further, and much faster.&quot;</span></p><p style="line-height: 2;"><br></p><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;">The UN chief stressed that &quot;COP30 in Brazil must conclude with a credible global response plan to get us on track and &quot;show a credible path to mobilizing the $1.3 trillion annually in climate finance by 2035, as agreed at COP29 in Baku,&quot; including identifying funding sources, making finance accessible, and ensuring accountability.</span></p><p style="line-height: 2;"><br></p><p style="line-height: 2;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 18px;">He also underlined that &quot;developing countries that did least to cause the crisis are suffering most,&quot; and called for &quot;effective debt relief, and scaled-up solutions like debt swaps and disaster pause clauses.&quot;</span></p>

Climate & Environment

Pakistan Prime Minister Shehbaz Sharif urged international community to honor climate finance commitments, warning that debt-driven loans worsen crises. Highlighting Pakistan’s climate efforts and severe flood impacts, he called for increased, accessible funding to protect vulnerable nations.

Articles tagged with "debt-driven finance"

Pakistan premier urges world to honor climate pledges over debt-driven finance