Prime Minister’s Coordinator for Climate Change and Environmental Coordination, Romina Khurshid Alam, announced that Pakistan is striving to capitalize on the United Nations’ carbon trading system. This statement was made during a meeting with a delegation from the United Nations Environment Programme’s Denmark Mission, led by their Senior Economist. The meeting took place at the Ministry of Climate Change & Environmental Coordination.
Advisor on Carbon Credit Markets, Urwah Khan from the United Nations Environment Programme, provided a briefing to Romina Khurshid Alam on the potential advantages Pakistan could reap by participating in carbon credit markets. Khan emphasized the benefits that sectors such as cement, oil & gas, textile, and other industrial industries could gain by selling their carbon credits internationally.
Additionally, Urwah Khan assured the Prime Minister’s climate advisor of comprehensive support from his organization, which includes both technical and non-technical assistance. This support aims to help Pakistan develop the necessary policy infrastructure and implement strategies to create a conducive environment for sectors like cement, waste management, textile, oil & gas, telecom, and information technology to generate and sell carbon credits.
The meeting concluded with both parties agreeing to collaborate closely to facilitate Pakistan’s entry into the international carbon trading markets. This collaboration is expected to help various industrial sectors in Pakistan earn financial benefits by selling their carbon credits globally.
The discussions and agreements from the meeting highlight a significant step forward in Pakistan’s efforts to engage with global environmental initiatives and enhance its economic prospects through sustainable practices.
