Pakistan would prioritize solution-based talks at this year’s COP28 climate meeting in Dubai, including financing for climate-affected countries, Foreign Minister Jalil Abbas Jilani said Thursday.
From November 30 to December 12, 2023, Expo City in Dubai will host the twenty-eighth UN Climate Change Conference, known as COP28.
In August 2022, strong monsoon rains caused Pakistan’s worst floods, killing 1,700. Damage from the flooding affected 33 million people, virtually all of Canada’s population. Millions of dwellings, tens of thousands of schools, and thousands of kilometers of roads and railroads must be rebuilt.
Pakistan is sixth in climate vulnerability, with 10,000 deaths and $3.8 billion in economic losses between 1999 and 2018. Carbon emissions from Pakistan are under 1%.
Islamabad pre-conference speaker Jilani said, “Last year, floods caused by climate change affected Pakistan.” “Unfortunately, Pakistan, despite having a minimal share of global carbon, is affected by climate change and its effects.”
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He pledged Pakistan’s “full cooperation” in fighting climate change and stated that 30% of its automobiles would be electrified by 2030.
Jilani added, “This year’s COP28 conference will feature a discussion on solutions, including funding for countries affected by climate change.”
“We hope the COP28 conference in the United Arab Emirates this year will produce fruitful results to tackle climate change,” the statement said.
Pakistan has seen erratic monsoons, rising temperatures, shifting seasonal weather patterns, and melting northern glaciers due to climate change. Frequent harsh weather and natural calamities worsen these effects.
The Overseas Investors Chamber of Commerce and Industry (OICCI) held its second Pakistan Climate Conference on Wednesday.
Finance Minister Dr. Shamshad Akhtar estimates that development and climate challenges will cost $340 billion between 2023 and 2030. It’s 10% of GDP from the same era.
“We need to be conscious that getting money is a big issue that we face in addressing the climate agenda,” the speaker said, emphasizing how climate finance holds back other development finance goals.
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