Federal Minister for Climate Change and Environmental Coordination, Dr. Musadik Malik, participated in a Leadership Dialogue titled “The Bottom Line: Why Tackling Environmental Degradation Is Critical to the Future of the Global Financial System” held on the sidelines of the United Nations Environment Assembly in Nairobi, Kenya.
The high-level dialogue brought together global leaders, policymakers, financial regulators, and experts to deliberate on system-wide approaches being adopted by governments to steer private finance toward pathways that enhance the stability of economic and financial systems. The discussions focused on aligning financial flows with climate action, biodiversity protection, land restoration, pollution reduction, and sustainable waste management, while promoting long-term economic, social, and environmental resilience.
Participants highlighted the role of policy coherence, regulatory frameworks, and whole-of-government approaches in creating enabling conditions for sustainable finance. Emphasis was placed on mobilizing private capital to support the transition of high-impact sectors and integrating environmental risks into financial decision-making.
In his intervention, Dr. Musadik Malik stressed that environmental degradation poses systemic risks to the global financial system and that addressing climate change is a matter of collective global responsibility. He emphasized that countries most impacted by climate change, despite contributing the least to global emissions, require enhanced and accessible climate finance to build resilience and safeguard development gains.
The Federal Minister underscored the importance of equitable financial flows, strong international cooperation, and responsible private sector engagement to ensure that sustainability and financial stability reinforce each other. He reiterated Pakistan’s commitment to advancing climate-resilient development and supporting global efforts to align finance with environmental sustainability.
