Pakistan Pushes for Fair Climate Finance at UNEA

News Desk 

Islamabad: Pakistan has called for more accessible and equitable climate finance for vulnerable countries, highlighting that environmental degradation poses systemic risks to the global financial system.

Federal Minister for Climate Change and Environmental Coordination Dr Musadik Malik made the remarks at a high-level Leadership Dialogue titled “The Bottom Line: Why Tackling Environmental Degradation Is Critical to the Future of the Global Financial System” on the sidelines of the United Nations Environment Assembly (UNEA) in Nairobi.

Speaking at the event, Dr Malik stressed that climate action must be treated as a shared global responsibility. He noted that countries contributing the least to global emissions are often the ones facing the most severe climate impacts, underscoring the urgent need for enhanced climate finance to help them build resilience and protect development gains.

Read More: https://thepenpk.com/climate-change-bites-into-soil-health/

The dialogue brought together global leaders, policymakers, financial regulators and experts to discuss how governments can channel private finance towards initiatives that strengthen economic and financial stability while addressing climate change, biodiversity loss, land degradation, pollution, and waste management.

Participants emphasised the importance of coherent policies, effective regulatory frameworks, and whole-of-government approaches to create enabling conditions for sustainable finance. Discussions also highlighted mobilising private capital for high-impact sectors and integrating environmental risks into financial decision-making.

Dr Malik reaffirmed Pakistan’s commitment to climate-resilient development and stressed the importance of international cooperation and responsible private sector engagement in ensuring that financial stability and environmental sustainability reinforce each other.