Federal Minister for Climate Change Dr. Musadiq Malik, while participating in a highlevel consultation in Geneva, called for improved global access to climate finance for vulnerable and highrisk countries, emphasizing the urgent need for targeted investments to combat climateinduced disasters in the Global South.
Representing Pakistan at the session titled ‘Unlocking Capital for Development in HighRisk, Neglected Markets,’ organized by the United Nations Capital Development Fund (UNCDF), Dr. Malik outlined Pakistan’s climate vulnerabilities and its ongoing transition toward green and resilient development. The event was held on the sidelines of the Conference of Parties (COP) to the Basel, Rotterdam, and Stockholm (BRS) Conventions.
He stressed that although Pakistan contributes less than 1% to global greenhouse gas emissions, it remains among the most climatevulnerable countries. ‘Unlocking climate finance for highrisk and neglected markets is critical if we are to meet the goals of the Paris Agreement and protect vulnerable communities,’ he stated.
Dr. Malik also called on international financial institutions and development partners to reduce barriers to climate finance, support climate adaptation technologies, and enhance capacitybuilding programs for developing nations. He emphasized the importance of inclusive financing models that account for the realities faced by lowincome and climatestressed countries.
Reaffirming Pakistan’s commitment to its Nationally Determined Contributions (NDCs), he highlighted national efforts in renewable energy expansion, afforestation, and sustainable water resource management as key components of the country’s climate strategy.
The consultation brought together representatives from the UN system, development finance institutions, and ministers from other climatevulnerable states to explore actionable frameworks for mobilizing private and public capital toward climateresilient development.