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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

US to invest billions of dollars in Pakistan’s diverse sectors

The United States intends to invest billions of dollars in Pakistan, across various sectors, including minerals, real estate, energy, technology and the artificial intelligence. This was stated by head of US investors’ delegation and billionaire investor, Gentry Beach, while talking to media in Islamabad. He said that US President Donald Trump believes in economic diplomacy and that’s why we are visiting Pakistan. Gentry Beach said initially we are investing in the critical minerals and the real estate sectors. He said we are going to build some of the luxurious properties in Pakistan. Gentry Beach said we are seeing global opportunities

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,

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

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