ISLAMABAD: The United States Agency for International Development (USAID) Pakistan on Wednesday launched the Pakistan Climate Financing Activity, an up to 10 million dollar, a 4-year endeavor aimed at bolstering sustainability and climate resilience in the country.
Funded through USAID, the initiative highlighted the steadfast commitment of the US government to foster responsible stewardship of natural resources and combat the climate crisis. It represented a major stride towards fulfilling the objectives outlined in the US-Pakistan “Green Alliance” framework.
The USAID Pakistan Climate Financing Activity will help facilitate Pakistan’s transition to a climate-resilient, low-carbon economy. Through targeted technical help, the initiative aims to mobilize both public and private, domestic and global finance for climate mitigation, resilience, and adaptation efforts.
At the launch event organized in Islamabad, notable attendees included representatives from the Ministry of Climate Change and Environmental Coordination, members from the provincial departments of the Government of Pakistan, as well as from the private sectors, development partners, decision-makers from Pakistan’s financial sector, and academia.
Addressing the audience, USAID Deputy Mission Director Maura O’Brien said that USAID Pakistan Climate Financing Activity will support innovative projects tailored to Pakistan’s context, boosting efforts to build climate resilience. Through evidence-based solutions, the activity would be focused on advancing the capacity of Pakistan to respond to climate change effectively.
Special Coordinator to PM Welcomes USAID’s Initiative
Echoing USAID’s sentiments, the Special Coordinator to PM Romina Khurshid Alam from the Ministry of Climate Change and Environmental Coordination said that Pakistan warmly welcomes this initiative from the US, aimed at bolstering the country’s climate resilience, mitigation, and adaptation efforts.
She said that Pakistan has made strides in fostering an innovative climate landscape, however, financial constraints remain a major impediment. This activity will serve as a catalyst for concerted action, bringing together government, environmental experts, private sector, and development partners to tackle the challenges posed by climate change.
