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PM Shehbaz vows to combat climate change in collaboration with int’l community

Prime Minister Muhammad Shehbaz Sharif has reaffirmed Pakistan’s strong commitment to advancing the objective of combating climate change in close collaboration with international community and the United Nations. He was talking to the UN Resident Coordinator in Pakistan Mohamed Yahya, who paid a courtesy call on him in Islamabad. During the meeting, the Prime Minister appreciated the important work being carried out by the UN Country Team in Pakistan, emphasizing the need to further strengthen the collaboration in the areas of sustainable development and climate change. He said climate financing remained a crucial component of addressing the impacts of climate

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

Aga Khan IV, leader of Ismaili Muslims, dead at 88

LISBON: Prince Karim Aga Khan IV, the spiritual leader of the Ismaili community and philanthropist, passed away in Lisbon. He was 88. A notice on the website of the Aga Khan Development Network – the development organisation he founded – announced his death, saying that he “passed away peacefully in Lisbon on 4 February 2025… surrounded by his family”. It said: “His Highness Prince Karim Al-Hussaini, Aga Khan IV, 49th hereditary Imam of the Ismaili community, passed away peacefully in Lisbon on 4 February 2025, aged 88, surrounded by his family. “Prince Karim Aga Khan was the founder and chairman

Sustainable wood glass bottles

Introducing transparent wood glass bottles in Pakistan can serve as a revolutionary step toward sustainable waste management and climate action. These eco-friendly bottles, made from renewable and biodegradable materials, offer a greener alternative to plastic. To encourage their use and proper recycling, a smart exchange machine can be introduced in major cities across Pakistan. This machine would allow consumers to deposit used transparent wood glass bottles and receive monetary rewards in return, promoting a circular economy. By combining innovative materials with an incentivized recycling system, Pakistan can significantly reduce plastic pollution, create economic opportunities, and contribute to global efforts in

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

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,

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

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

Countries representing nearly 50% of global methane emissions from organic waste pledge to reduce emissions from sector 

The COP29 Presidency launched the Reducing Methane from Organic Waste Declaration, with over 30 states amongst the initial signatories (who combined represent 47% of global methane emissions from organic waste) declaring their commitment to set sectoral targets to reducing methane from organic waste within future NDCs. This includes 7 of the world’s 10 largest organic waste methane emitters. Signatories commit to launching concrete policies and roadmaps to meet these sectoral methane targets.  This declaration, developed with the UNEP-convened Climate and Clean Air Coalition (CCAC), builds on the work of previous COPs by supporting the implementation of the 2021 Global Methane Pledge

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