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Articles for tag: Carbon emissions, carbon neutrality, clean energy, clean technology transfer, climate action, climate adaptation, climate agreements, Climate change, climate diplomacy, climate financing, climate funding, Climate Governance, climate initiatives, climate investment, Climate Justice, climate mitigation, climate negotiations, climate partnerships, climate policy, climate resilience, climate technology, climate-friendly economies, climate-friendly policies, eco-friendly policies, emission reduction, energy transition, environmental policy, environmental protection, environmental responsibility, environmental sustainability, global climate action, Global warming, green development, green economy, green energy investment, green innovation, Green Technology, international climate cooperation, International Cooperation, low-carbon economy, net-zero emissions, Prime Minister Shehbaz Sharif, public-private partnerships, Renewable energy, renewable resources, Shehbaz Sharif, sustainable development, sustainable finance, sustainable growth, sustainable infrastructure, sustainable solutions, technology sharing

February 12, 2025

The Pakistan Daily

PM Shehbaz invites investors to invest in Pakistan’s clean energy & infrastructure opportunities

Prime Minister Shehbaz Sharif has called upon governments to strengthen climate financing and technology sharing. Addressing the World Governments Summit in Dubai, he urged private investors to explore Pakistan’s clean energy and infrastructure opportunities. He said multilateral institutions should support emerging economies like Pakistan in achieving sustainable growth. The Prime Minister said Pakistan is fully committed to mobilizing domestic resources and policy reforms. However, international partnerships and financial support remain critical to achieving this goal as global shift to a green economy requires a shared responsibility. He said Pakistan’s energy transition alone demands hundred billion dollars in investment. Shehbaz Sharif

January 15, 2025

Muhammad Zamir Assadi

Karot Hydropower Project pushes economic growth for Pakistan, CSAIL

Islamabad: The Karot Hydropower Project (HPP) stands as a model for Pakistan’s renewable energy future, balancing clean energy production, environmental stewardship, and economic development. While briefing the media and parliamentary delegation organized by “Understanding China Forum” at Karot HPP on Monday, Senior Advisor at China Three Gorges South Asia Investment Ltd (CSAIL) has said that the generation of reliable and affordable electricity will also help improve industrial productivity and support the growth of other sectors such as agriculture, manufacturing, and services, which depend heavily on consistent energy supply. Furthermore, the project’s long-term operation will reduce Pakistan’s energy import dependency, contributing

November 24, 2024

The Pakistan Daily

COP29 UN Climate Conference Agrees to Triple Public Finance to Developing Countries, Protecting Lives and Livelihoods

The UN Climate Change Conference (COP29) closed today with a new finance goal to help countries to protect their people and economies against climate disasters, and share in the vast benefits of the clean energy boom. With a central focus on climate finance, COP29 brought together nearly 200 countries in Baku, Azerbaijan, and reached a breakthrough agreement that will: Triple public finance to developing countries, from the previous goal of USD 100 billion annually, to USD 300 billion annually by 2035.Secure efforts of all actors to work together to scale up finance to developing countries, from public and private sources,

November 24, 2024

The Pakistan Daily

Breakthrough in Baku delivers $1.3tn “Baku Finance Goal”

November: The COP29 Presidency of Azerbaijan today announced the agreement of the Baku Finance Goal (BFG), a new commitment to channel $1.3tn of climate finance to the developing world each year. Success on the COP29 Presidency’s top priority for the UN Climate Summit represents a significant uplift from the previous climate finance goal of $100 billion and will unlock a new wave of global investment. The Baku Finance Goal contains a core target for developed countries to take the lead on mobilizing at least $300 billion per year for developing countries by 2035. This represents a $50bn increase on the

November 24, 2024

The Pakistan Daily

COP29 achieves full operationalisation of Article 6 of Paris Agreement – Unlocks International Carbon Markets

November: Today, the COP29 Presidency announced the end of the decade-long wait for the conclusion of negotiations on high integrity carbon markets under Article 6 of the Paris Agreement. This was one of the Presidency’s top priorities for the year and it drove Parties towards this milestone achievement through intensive dual-track technical and political negotiations. This strategy broke through years of stalemate and finalises the last outstanding item in the Paris Agreement. Article 6 provides trusted and transparent carbon markets for countries as they collaborate to reach their climate goals. This cross-border cooperation is expected to reduce the cost of

November 15, 2024

Yalchin Rafiyev

COP Truce: A call for global unity to address climate and conflict

This year, the world has convened in Baku for COP29, a historic event that offers a chance to significantly advance the global climate agenda. Yet COP29 brings more than a platform for discussions and pledges; it introduces an unprecedented call to action known as the “COP Truce”, urging nations to halt military operations during the month of the conference. This appeal, inspired by the Olympic Truce, represents a powerful initiative from the COP29 Presidency, designed to foster peace, environmental preservation, and the global fight against climate change. The COP Truce draws its inspiration from the Olympic Truce, which has been

September 10, 2024

News Desk

Thar coal is called a game changer for economy

Islamabad: Private Power and Infrastructure Board (PPIB) Director General Coal Said Ali Nawaz remarked that Thar coal is truly a game changer for Pakistan’s economy as the country has spent $6 billion on coal imports in the last three to four years. “Over the next five years, we could reap the full benefits as the base load shifts to Thar coal. This will reduce power prices and have an overall impact of Rs2 to Rs3 on the basket price through the conversion of three imported units based on carbon,” he said. Nawaz was addressing a seminar on “Leveraging Domestic Coal

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