Pakistan’s advocacy for climate finance is acknowledegd at cop28, PM Anwaarul Haq Kakar

Caretaker Prime Minister Anwaarul Haq Kakar has said Pakistan has always been advocating that the countries who have not contributed to the carbon emissions but remained one of the worst affected by climate disaster(s) must be compensated in terms of mitigation, climate adaptation and receiving climate finance to address all those challenges.

In an interview to Sky News Arabia here on the sidelines of COP28 (Conference of Parties), PM Kakar said Pakistan was a strong voice and a proactive advocate for climate finance for developing countries, adding that the same was acknowledged by the developed world in the United Nations’ 28th Conference of Parties (COP28).

Caretaker Prime Minister said the operationalisation of Loss and Damage Fund by announcement of US$30 billion by UAE (ALTERRA fund)was a good start in the right direction. Initially, he said the funding should be utilised through multi-lateral organisation like the World Bank to swiftly start the implementation process.

Anwaarul Haq Kakar on Gaza

Prime Minister Anwaarul Haq Kakar said sustainable peace was only possible through a two-state solution of the Palestine issue according to the pre-1967 borders with east Jerusalem as its capital.

The premier also highlighted that the Kashmir issue remained unresolved for the last seven decades.

Anwaarul Haq Kakar on illegal deportation drive in Pakistan

Prime Minister Kakar said Pakistan was cognisant of its obligations to the refugees whom the country had hosted for the last 50 years. However, it was our national duty to rationalise and regulate the movement of more than a million undocumented and illegal aliens.

UAE initiates COP28 Climate Fund

United Arab Emirates President Sheikh Mohammed Bin Zayed Al Nahyan, also hosting COP28 climate summit, announced on Friday a $30 billion climate fund that aims to attract $250 billion of investment by the end of the decade (2030).

Led by the European Union, United States and UAE, the pledge also said tripling renewable energy would help remove CO2-emitting fossil fuels from the world’s energy system by 2050 at the latest.

Dubbed ALTÉRRA, the fund will allocate $25 billion to climate strategies and $5 billion to incentivise investment flows into the Global South*.

Global South countries : Brazil, India, Pakistan, Indonesia, Nigeria, Mexico and China