The UK on Thursday announced more than 55 55 million to help Pakistan tackle climate change as part of the COP26 Global Climate Change Summit this week.
Pakistan has been ranked as the eighth most vulnerable country to climate change, and by 2100, rising temperatures mean that 36% of glaciers along the Hindu Kush and Himalayan ranges will disappear.
The UK has already made significant strides as 90% of the world economy is now in the net zero target, less than 30% when the UK took over the presidency of COP26. This will help the weakest countries like Pakistan.
New funding for climate change in Pakistan is divided into three parts.
- The 5-year Climate Resilience Program – worth £ 38 million – will help Pakistan’s poorest communities survive the changing climate.
- The 5-year Water Governance Program – worth £ 15 million – will make water use in Pakistan more sustainable and improve water access.
- Additional £ 2.5 million to support new ways to attract much-needed climate investment in Pakistan, including the development of the Nature Performance Bond. With Prime Minister Imran Khan on World Environment Day in June, the UK pledged this.
The British High Commissioner was to announce the urgently needed new programs at a high-level reception for climate change stakeholders at the British High Commission in Islamabad this evening (November 4).
Dr. Christian Turner CMG said: “Climate change can be catastrophic for Pakistan. That is why we are working together on trees and finance, and mobilizing leading Pakistani businesses.” This new funding of Million will ensure that Pakistan becomes more flexible to the effects of climate change, with more sustainable use of water and greater access to climate finance, to improve lives and livelihoods.
At COP26, the UK is working with Pakistan:
- # 26For26 Campaign in which 26 Pakistani companies are committed to halving emissions by 2030 and reach net zero by 2050. So far 29 companies have signed up.
- Pakistan has successfully joined more than 100 countries to pledge to end deforestation by 2030.
Prior to COP26, the UK was working with Pakistan on climate change and will provide ملک 7 million this year to help the country achieve its climate change goals.
Earlier this year, the UK launched a new program in Lahore to promote clean brick production methods that will help improve air quality, reduce smog and combat climate change.