Caretaker Prime Minister Anwaarul Haq Kakar on Saturday called for immediately executing the US$100 billion in commitments for climate finance to ensure the implementation of climate change actions by developing countries and mitigate the climate change impacts.
Delivering his National Statement at the 28th Conference of Parties of the United Nations in Dubai, PM Kakar said that such financing “should not be at the cost of development finance nor add to the already high debt burden of the developing countries”.
He also called upon the developed countries to take the lead in raising global mitigation ambition commensurate with their economic standing and historical responsibility, and then help developing countries do the same.
“We need to achieve global resilience through delivering an ambitious outcome in the form of a framework for global goal on adaptation with clear targets and indicators including regular monitoring of progress,” he said adding that at least half of climate finance must be allocated to adaptation.
The prime minister said the expectations from COP28 were high but not unrealistic, hoping that the current COP session would “deliver with action, not just words”.
He laid emphasis on providing adequate means of implementation, including climate finance, capacity-building and technology, to developing countries to tackle this growing challenge.
The prime minister highlighted that last year, Pakistan suffered super floods while this year would be the world’s hottest year in recorded history.
At COP26 in Glasgow, he said Pakistan increased its ambitions by presenting the revised Nationally Determined Contributions with a target of 60 per cent overall reduction in projected emissions by 2030.
“This year, Pakistan presented a comprehensive national adaptation plan and has also launched an innovative Living Indus Initiative that brings together our care for climate and for nature,” he said adding, “We will also be presenting our first update report during this COP.”
Last year, he said Pakistan led the endeavour to craft an agreement on establishing a global loss and damage fund while this year, “we worked to activate an adequately financed loss and damage fund and its funding arrangement.”
He said climate justice demanded that the developing countries should be enabled to achieve the Sustainable Development Goals even as they contribute to climate objectives.
“The provision of sufficient additional predictable grant-based climate finance by developed countries is imperative.”
PM Kakar’s comments at the COP28 summit echoed previous remarks made at the Climate Ambition Summit held in New York this September.
