Federal Minister for Climate Change and Environmental Coordination, Senator Dr. Musadik Malik, held a meeting today with Ms. Helene Paust, Deputy Head of Cooperation at the Embassy of the Federal Republic of Germany in Islamabad, and representatives from the Global Green Growth Institute (GGGI) and the UNEP-CCC under the SPAR6C Programme funded by German Federal Government.
The meeting focused on advancing shared goals to strengthen Pakistan’s carbon market rules, pricing mechanisms, and governance frameworks under the Supporting Preparedness for Article 6 Cooperation (SPAR6C) program. The discussion highlighted Pakistan’s transition from readiness to implementation in developing a transparent, credible, and high-integrity carbon market aligned with global standards.
Speaking on the occasion, Dr. Musadik Malik stated, “Carbon markets are not just about trading credits, they’re about valuing climate action fairly and ensuring that every ton reduced translates into real benefits for our people and our economy.”
The collaboration under the SPAR6C program aims to support Pakistan in mobilizing climate finance, fostering innovation, and achieving its nationally determined contributions (NDCs) through sustainable market-based mechanisms.
