National Carbon Market policy unveiled

Coordinator to PM on Climate Change Romina Khurshid Alam has said that Pakistan is now actively exploring the development of carbon markets as a key strategy to meet its climate goals, attract green investments and transition toward a low-carbon economy as a part of efforts geared towards achieving environmental sustainability and climate resilience in the country.

"Let me say this confidently that Pakistan is now ready to lead, innovate, and collaborate with local private sector as well as international partners for the development of carbon markets to attract investments in green initiatives for achieving climate goals under the Paris climate pact," she announced while addressing a high-level event 'Launch of Pakistan's Carbon market Policy & Panel on Coordinated Access to Net Zero Development Financing Through Paris-Aligned Carbon Markets' held here at Pakistan Pavilion on the sidelines of COP29 global climate conference in Baku.

By participating in such markets, Pakistan can incentivize businesses and industries to adopt cleaner technologies and practices, she said.