Pakistan, GGGI sign pact to mobilize green finance for climate action

Baku: Ministry of Climate Change & Environmental Coordination and Global Green Growth Initiative (GGGI) have signed a four-year Country Programme Framework agreement to advance Pakistan’s sustainable development goals through targeted climate action and green growth interventions.

The formal signing ceremony was organized at the Pakistan Pavilion at the UN-led Global Climate Conference (COP29) in Baku, Azerbaijan. 

Secretary Climate Change & Environmental Coordination Ministry Aisha Humera Moriani and Deputy Director-General Global Green Growth Institute Helena McLeod signed the agreement.

Spelling out key objectives of the country programme framework, Helena McLeod said that her organization aims to facilitate Pakistan’s transition to a green economy by collaborating with national stakeholders to address critical challenges such as water scarcity, deforestation, and energy inefficiency, compounded by the impacts of climate change.