Islamabad: The Ministry of Climate Change and UAE's Blue Carbon on Tuesday joined forces to explore the economic potential of forestry in alignment with global climate objectives, focusing on carbon reduction initiatives and their positive impacts on communities.
A recent four-day technical workshop, organized by the Ministry of Climate Change, brought together representatives from provincial forestry departments in Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan, along with UAE's Blue Carbon. The primary objective of this workshop was to investigate how Pakistan's Agriculture, Forestry, and Other Land Use (AFOLU) sector could generate Internationally Transferable Mitigation Outcomes (ITMOs), also known as carbon credits, under Article 6 of the Paris Agreement.
Throughout the workshop, a central theme revolved around identifying potential projects aimed at reducing carbon emissions within Pakistan's AFOLU sector, with a specific focus on its forests. These discussions shed light on Pakistan's forest resources and their readiness to engage with Article 6 mechanisms, creating opportunities for collaboration with Blue Carbon.
In accordance with Article 6 of the Paris Agreement, Pakistan's environmental assets were highlighted as valuable tools for addressing both environmental and economic challenges within the emerging compliance market.
Blue Carbon, headquartered in the UAE, was established with the support of Sheikh Ahmed Dalmook Al Maktoum, a member of the UAE royal family. Leveraging the UAE's innovative approach to development and entrepreneurship, Blue Carbon specializes in creating systems and resources that facilitate social development initiatives for private enterprises and nations seeking to enhance their environmental assets. Blue Carbon distinguishes itself by providing comprehensive development and facilitation services for carbon projects, particularly in the realm of ITMOs.
One significant outcome of these discussions was the recognition that initiating forestry projects could pave the way for future endeavors in various sectors, ultimately promoting sustainable development and economic opportunities in Pakistan.
In addition to carbon reduction, the meetings underscored the importance of climate adaptation services and support for community livelihoods within these mitigation-focused projects. Given Pakistan's ongoing struggle with the adverse impacts of climate change and the substantial reliance of local communities on forest resources, the added benefits of these initiatives are immeasurable.
The collaborative efforts of Blue Carbon and the Ministry of Climate Change and Environmental Coordination, in partnership with representatives from provincial forestry departments, AJK, and GB, mark a significant milestone in the global fight against climate change.
This cooperative initiative positions Pakistan to harness the economic potential of its natural forest resources while aligning with the overarching goals of the Paris Agreement.
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