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Prime Minister Shehbaz Sharif has laid emphasis on the significance of climate finance as integral to inclusive, adaptive and resilient recovery in the climate devastated Global South.
He was addressing a high-level roundtable on Climate Change and the Sustainability of Vulnerable Communities in Sharm El-Sheikh on Tuesday.
The meeting was co-chaired by Prime Minister Muhammad Shehbaz Sharif together with Prime Minister of Norway Jonas Gahr Støre.
The Prime Minister stated that the climate change is the defining issue of our times, which necessitated urgent and well calibrated response from the international community.
He stressed that burden of climate action must be shared equitably rather than equally, without compromising economic growth and development of the developing countries.
The Prime Minister briefed the participants about the massive devastation caused by the recent climate-induced floods, which had impacted over 33 million people in Pakistan, half of which were women and children.
He also shared the details of the measures taken by the government to provide immediate relief to the flood victims, including through Benazir Income Support Program.
Sharing the details of the Post-disaster Needs Assessment, the Prime Minister stated that public debt, rising international energy prices, and no real access to adaptation resources, among other factors, were the key challenges which impeded Pakistan’s recovery and rehabilitation efforts.
He invited the international community to join in Pakistan’s efforts towards climate resilient recovery.
Source: Radio Pakistan