Pakistan Unveils ‘Climaventures’ to Boost Climate Investment.

ISLAMABAD: Pakistan has launched Climaventures, a strategic initiative aimed at attracting private investment in climate ventures. This 50 million dollars project, revealed in Islamabad, represents a pioneering effort led by the National Rural Support Programme to address the country’s climate funding needs.

According to Ministry of Information and Broadcasting, the core of Climaventures is a 25 million dollars funding commitment from the Green Climate Fund. The initiative is designed to bridge Pakistan’s funding gaps for sustainable solutions by providing technical guidance, grants, and equity to climate-focused startups.

Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, endorsed the initiative through a video address, describing Climaventures as pivotal for enhancing the country’s capital landscape. The project is expected to significantly contribute to fostering innovation and sustainable development in Pakistan’s climate sector.

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