Pakistan has asked for compensation for its low carbon footprint in order to meet the climate adaptation which requires an estimated $10.7 billion per year along with $8 billion-$17 billion for mitigation.
A new report submitted to the Economic and Social Council of the United Nations disclosed the fact. According to the first ‘Voluntary National Review’ of the 2030 Agenda for Sustainable Development, Pakistan comes 31st in global emissions while it is the seventh most affected country by climate change.
The national review document has been prepared by the Planning Commission for submission to the high-level political forum on sustainable development. The document has emphasized that climate change is a forced reality for Pakistan.
Moreover, the country is already working to protect the environment and minimize the effects of climate change. Both adaptation and mitigation have been made part of the country’s policy and implementation approach.
Pakistan’s made its first ‘Bonn Challenge’ pledge in the form of ‘Billion Tree’ plantation drive across 350,000 hectares to uphold its commitment. The project has been upscaled to ‘10 Billion Tree Tsunami’, a five-year countrywide plantation drive.
Programs like ‘Clean and Green Pakistan’ and ‘Recharge Pakistan’ have been launched for ecosystem restoration. Moreover, high population growth is a serious threat to the country’s economic and environmental sustainability. It burdens the existing resources and production processes. The food insecurity will increase further because of climate change, especially in the form of natural calamities.
The government is working to enhance the resilience of local communities to avoid the adverse effects of climate change. A low carbon path is going to result in financial implications amounting between $8 billion and $17 billion per year towards 2050.
The government has stated in its report that Pakistan intends to cut down on its greenhouse gas emissions by 20 percent by 2030. It has underlined that inadequate financing for sustainable development is a challenge in unfavorable fiscal conditions and will impact the achievement of the 2030 Agenda’s ambitious targets.