PM Imran stresses to raise climate change ambitions, enhance financial flows to developing nations

He expressed concerns over unrealized climate finance pledges by the developed countries and emphasized that commitments made under the Paris Agreement must be fully implemented.

The premier expressed these views while addressing an informal meeting on Climate Change through video link.

The meeting was convened jointly by the Prime Minister of UK and the United Nations Secretary General on the sidelines of the 76th session of the UN General Assembly.

The objective of the meeting was to deliver a shared political understanding and vision on what needs to be delivered in the lead-up to and at the forthcoming Climate Change Conference (COP-26) in Glasgow, to be held in November 2021.

Twenty five Heads of State and Government were invited for the leaders’ informal gathering.

PM Imran also suggested that initiatives such as debt-for-nature swap would create fiscal space for the developing countries for enhanced climate actions.

He highlighted Pakistan’s extreme vulnerability to Climate Change and shared that addressing its impact was a major priority of his government.

In this regard, he informed the leaders about the key national initiatives, including the success of flagship 10 Billion Tree Tsunami Project and clean energy target of 60 percent by 2030.

PM Imran also highlighted that Pakistan had replaced two planned 2600 MW coal power plants with hydropower projects as part of its efforts towards climate sensitive economic growth and development.