Islamabad, June 03, 2021 (PPI-OT):Prime Minister Imran Khan says Pakistan is committed to spearheading innovative nature preservation and biodiversity initiatives and the green stimulus package. He was addressing a special event on Green Financing Innovations in the country, organized by Ministry of Climate Change in connection with World Environment Day in Islamabad today (Thursday).
The Prime Minister emphasized on achieving the tree plantation target under Ten Billion Tree Tsunami Program to protect environmental future of the nation. He said through ‘future green financing’, Pakistan is proud to take a lead in the conservation of ecological systems and ensure a secure and livable environment for its coming generations.
Imran Khan said it is high time for Pakistan to seriously value its natural resources to combat the negative impacts of climate change. The Prime Minister, on the occasion, witnessed the issuance of a Joint Statement by the United Kingdom, Canada, and Germany to engage in a dialogue on the modalities of Pakistan’s first Nature Performance Green Bond.
The bond will be developed by a consortium of financial advisers creating an enabling environment for private sector finances and non-traditional development partners to play their role in sustainable development. A Memorandum of Understanding was also signed between Pakistan and China to pilot green ecological zones in Cholistan desert on ‘Kabuqi model’ of turning deserts into green areas.
The Prime Minister said though Pakistan’s contribution to global carbon emissions is less than one percent, however, it is among the ten highest vulnerable countries facing the risks of climate change. Imran Khan said it is encouraging that mangrove cover has been expanding in Pakistan for the last twenty years.
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Government of Pakistan
4th Floor, Cabinet Block, Pak. Secretariat, Islamabad, Pakistan