Islamabad:Turkiye Prime Minister Shehbaz Sharif has emphasized the need for grant-based financing and public-private partnerships during the COP31 summit in Turkiye. He urged for enhanced resilience and adaptation funds to support struggling economies grappling with climate disasters.
According to Radio Pakistan, climate expert Javed Ali Khan highlighted that Pakistan is one of the worst-affected countries by climate hazards and is not receiving adequate compensation from the international community. Khan pointed out that climate change-related calamities are significantly impacting Pakistan's economy, and the country cannot manage the enormous climate-related losses on its own. He criticized the developed countries for intentionally scrapping the Kyoto Protocol, which mandated developing countries to allocate one percent of their GDP for climate change funding.
Dr. Noor Fatima, an international relations expert, stated that Pakistan seeks international investment in the power sector to transition from fossil fuels to clean energy. At COP31, Prime Minister Sharif underscored Pakistan's commitment to promoting clean energy, mentioning that clean sources now constitute nearly fifty-five percent of the country's energy mix. He also highlighted Pakistan's goal to advance electric mobility and reduce projected emissions by about fifty percent by 2035.
