GLASGOW:
The United Kingdom has announced over 55 million in support to help Pakistan tackle climate change as part of the United Nations Climate Change Conference (COP26) this week.
It is a critical time for Pakistan as global leaders come together for COP26. It has been ranked as the 8th most vulnerable country to climate change. By the year 2100, rising temperatures will melt 36% of glaciers along with the Hindu Kush and Himalayan ranges.
Zac Goldsmith, the UK Environment Minister met Malik Amin Aslam, the Special Assistant to the Prime Minister (SAPM) on Climate Change at the Pakistan Pavilion at United Nations Climate Change Summit (COP26) and separately announced 500,000 British Pounds in assistance to Pakistan as a developing nation performance bond.
“It’s a redefined debt for nature swap” said Aslam adding that it will be fast tracked by the British Foreign, Commonwealth and Development Office (formerly DFID).
After the bilateral meeting on Wednesday, Pakistan’s top 26 companies pledged net zero greenhouse gas emissions by 2050 under the initiative ‘Net Zero Pakistan’ announced by the Pakistan Environment Trust (PET). The event was hosted by PET at the Pakistan Pavilion in collaboration with Pakistan’s Ministry of Climate Change and was supported by Altruistiq – a climate-tech company, the Pakistan Textile Council and British High Commission Islamabad.
SAPM Aslam congratulated the companies (mostly textile and steel giants) included in the ‘Top 26 at COP26’...
Read Full Story: https://tribune.com.pk/story/2327960/uk-pledges-55m-to-pakistan-for-climate-change-fight
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