Dr. Musadiq Malik, Federal Minister for Climate Change, represented Pakistan at the High-Level Consultation titled “Unlocking Capital for Development in High-Risk, Neglected Markets,” organized by the United Nations Capital Development Fund (UNCDF). The session was held on the sidelines of the Conference of Parties (COP) to the Basel, Rotterdam, and Stockholm (BRS) Conventions in Geneva.
During the consultation, Dr. Musadiq Malik highlighted Pakistan’s urgent need for enhanced climate financing mechanisms, particularly for developing and vulnerable countries facing the brunt of climate-induced disasters. He underscored Pakistan’s ongoing efforts to implement climate-resilient development strategies and reiterated the country's commitment to green transition, environmental sustainability, and nature-based solutions.
“Pakistan is one of the most climate-vulnerable countries despite contributing less than 1% to global greenhouse gas emissions,” said the Minister. “Unlocking climate finance for high-risk and neglected markets is critical if we are to meet the goals of the Paris Agreement and protect vulnerable communities.”
The Minister also called upon international financial institutions and development partners to ease access to climate finance, invest in climate adaptation technologies, and support capacity-building initiatives in the Global South.
Dr. Malik reaffirmed Pakistan’s dedication to its Nationally Determined Contributions (NDCs), including targets for renewable energy expansion, afforestation, and sustainable water management.
The event gathered key stakeholders from the UN system, development finance institutions, and ministers from other climate-vulnerable countries, to develop practical frameworks for mobilizing private and public capital towards climate-resilient development.
