Clean dev mechanism to tackle climate change: Farooq
He expressed these views at a press conference held today here at the Committee Room of the Ministry of Climate Change. Earlier, the Minister Rana Farooq Saeed Khan launched the CDM Guide Book for Pakistan and inaugurated the CDM Cell at the Ministry. On this occasion, the United Nations Industrial Development Organisation’s (UNDIO) country representative in Pakistan Engr. Shadia Yousif Bakhait was also present.
The Minister said that the CDM Guide Book for Pakistan will contribute positively to the public and private sector in promoting the understanding of CDM portfolio. He said at a time when Pakistan accounts for more or less 0.5 percent of the total carbon emissions and ranked among top 10 countries reeling under the worst kind of climate change impacts, climate change mitigation and adaptation are inevitable to tackle global warming effects. “To achieve this, CDM provides great opportunity for the climate change-vulnerable Pakistan under which Pakistan can apply for selling carbon credits in the international market by implementing the CDM projects to not only achieve economic gains but also mitigate climate change impacts on different social and economic aspects,” the minister told the press conference.
On this occasion, the Climate Change Ministry Secrtary, Mahmood Alam, said that invaluable CDM guide book for Pakistan has been presspred under a CDM programme that is been jointly implemented by the Ministry and UNIDO with the Norwegian support aiming at ‘Turning Potential into Projects’. “I am sure that guide book will be instrumental in actualizing the national CDM potentials for reducing green house gases on the one hand and earning carbon credits through selling of certified emission reductions in the carbon market on the other”, the secretary told the media.—Online