Deputy PM Dar urges developed nations to honour climate finance pledges

Baku: Deputy Prime Minister Ishaq Dar on Wednesday urged the developed nations to honour their climate finance pledges to provide accessible and grants-based climate financing to achieve developing counties’ climate goals.

The deputy prime minister attended a high-level event convened by the United Nations Secretary-General on ‘Delivering Early Warnings for All (EW4All) and Addressing Extreme Heat’ on the sidelines of the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29).

Addressing the high-level event, the deputy prime minister reaffirmed Pakistan’s commitment to safeguarding lives and protecting communities from the unpredictable and severe impacts of climate change.

He emphasised the importance of early warning systems for climate-induced hazards, including floods, glacial lake outbursts, droughts, and extreme heat.

Ishaq Dar outlined Pakistan’s key initiatives to reduce projected greenhouse gas emissions including Green Pakistan Project, an Electric Vehicle Policy, a large-scale mangrove rehabilitation project, and BRT mass transit systems across major cities.

He also appreciated the UN Secretary-General’s leadership in launching the EW4All initiative in 2022.

Dar said the meeting was being held to discuss the role of early warning system and the increasing risk posed by rising heat.

He said that they stood united in their commitment to safeguard the livelihood, lives, protect communities and ensure that no one was left unprotected from the unpredictable and severe impacts of the climate change.

Over a decade Pakistan was consistently being ranked among the top ten countries mostly impacted by climate change, he said, adding the devastating floods of 2022 were the harsh reminder of their vulnerability resulting in a catastrophic loss of over $30 billion and affecting 33 million people in the country.

If we had any early warning system, much of these impacts could have been mitigated, enabling them to respond proactively and to avoid such immense sufferings, he added.