Pakistan urges developed nations to fulfill $100b commitment for climate finance

Dubai: Caretaker Prime Minister Anwar Ul Haq Kakar has urged the developed countries to provide sufficient, additional and predictable grant based climate finance to the developing nations to cope with the challenge of climate change.

Addressing the 28th Conference of Parties of the United Nations in Dubai on Saturday, he said the 100 billion dollars commitment for climate finance must be fulfilled and that such finance should not be at the cost of development finance nor add to the already high debt burden of the developing countries.

Anwaar ul Haq Kakar asked the developed countries to take the lead in raising global mitigation ambition and then help developing countries do the same. We need to achieve global resilience through delivering an ambitious outcome in the form of a framework for the global goal on adaptation.

He stressed that with clear targets and indicators including regular monitoring of progress, at least half of climate finance must be allocated to adaptation.

The Prime Minister said climate change is an existential threat for human kind. He said Pakistan suffered super floods last year and this year will be the world's hottest year in recorded history.

He said Pakistan presented a comprehensive national adaptation plan and has also launched an innovative living Indus initiative that brings together our care for climate and nature.

The Prime Minister said we led the endeavor last year to craft an agreement on establishing a global loss and damage fund. This year, we worked to activate and adequately finance loss and damage fund and its funding arrangements.

He said it is critical that under the UAE's leadership, COP28 also activates the means of implementation that is climate finance, technology transfer and capacity building for developing countries based on equity but differentiated responsibilities.

He said climate justice demands that the developing countries be enabled to achieve the sustainable development goals.