Mushahidullah terms Pakistan climate change financing framework as historic initiative

ISLAMABAD:Public Financial Managing System has been reformed at central level under initiatives of government for future planning and budgeting of climate change.

Minister for Climate Change, Senator Mushahidullah Khan said this while addressing a ceremony held here in connection with report launch of Pakistan Climate Change Financing Framework.

He said Ministry of Climate Change in collaboration with Ministry of Finance and Ministry of Planning has formulated Climate Change Financing Framework which will be milestone in bringing climate change in mainstream of planning and finance system.

The budgeting of climate change is now formally part of budget call circular and budget policy, highlighted by the Minister.

“There is more need to create awareness on climate change issue. We are living under glaciers and having serious threats. The desertification is increasing in Pakistan whereas our contribution in carbon emission is only 0.08% and among top ten countries most affected by the climate change,” he said.

On the occasion, the Country Coordinator of United Nations Development Programme (UNDP), Neil Buhne emphasized importance of calculating climate change finance.

Pakistan is fourth country after Indonesia, Vietnam, and Bangladesh that has developed comprehensive approach towards climate change financing. First Climate Change Public Institutional Review was launched in 2015 examining Khyber Pukhtukhwa, FATA and Azad Jammu And Kashmir.

The current report includes federal, all provinces and three regions. This report presents a roadmap of a wide range of reforms that will require sustained efforts and commitments for implementations alongside a short to medium term plan of action.

The Climate Change Financing Framework is a major output of efforts of government of Pakistan, supported by the UNDP. The process began with a Climate Public Expenditure Institutional Report which provided useful insight to establish a baseline for Climate Change expenditure.

The event was attended by officials of Ministry of Climate Change, Ministry of Finance, representatives UNDP, civil society and media-persons.