Prime Minister Imran Khan has stressed that the developed countries must take lead in raising their climate ambitions, both for emissions reduction and increased financial flows to the developing countries.
Addressing the informal closed meeting of heads of state and government on climate change, he emphasized that commitments made under the Paris Agreement must be fully implemented, and expressed concern over unrealized climate finance pledges by the developed countries.
The Prime Minister also suggested that initiatives such as debt-for-nature swap would create fiscal space for the developing countries for enhanced climate actions.
Prime Minister Imran Khan 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.
He also highlighted that Pakistan has replaced two planned 2600 MW coal power plants with hydropower projects as part of its efforts towards climate sensitive economic growth and development.
The meeting was convened jointly by Prime Minister of UK and the United Nations Secretary General on the sidelines of the 76th session of the UN General Assembly.