UK-Backed Climate Finance Accelerator Showcases Pakistan’s Climate Solutions
Staff Report
The Climate Finance Accelerator (CFA) Pakistan Investor Roadshow, funded by the UK, commenced its inaugural day in Karachi, showcasing eight pioneering climate projects spanning agriculture, forestry, waste management, and e-mobility sectors to potential Pakistani investors.
Project developers presented their inventive strategies to combat climate change, seeking investment from interested parties who also offered valuable advice and feedback.
Each project underwent extensive capacity building over several months, facilitated by financial, technical, gender equality, and social inclusion experts managed by CFA Pakistan’s local delivery partner, DAI Pakistan.
Sarah Mooney, British Deputy High Commissioner, reaffirmed the UK’s commitment to collaborating with Pakistan to tackle the climate crisis:
“The UK Government proudly supports initiatives like the Climate Finance Accelerator, crucial in unlocking climate finance and nurturing innovative projects in Pakistan.
Climate change stands as one of the defining challenges of our era, and the showcased projects today illustrate Pakistan’s potential for climate action and sustainable development. I trust that today’s event and the training provided will assist them in securing investment.”
Najam Shah, Secretary of the Forest & Wildlife Department from the Government of Sindh, provided insights into the government’s stance on climate change, stressing the importance of collaborative efforts between governmental and non-governmental entities to achieve climate goals.
James Naughton, representing DAI Pakistan, emphasized the urgent need for action, stating:
“Pakistan’s climate adaptation aspirations necessitate significant investments, estimated at around 14 billion per year. This underscores the immediate response required from both the private and public sectors.
The CFA Pakistan Investor Roadshow serves as a platform to unite commercial project developers, financiers, and policymakers to stimulate investments in climate-friendly initiatives.”Pak-UK agree to enhance bilateral trade ties
The event aims to foster collaboration among financial experts, investors, and project developers to expedite the transition to a low-carbon economy.
If successfully funded, these projects hold the potential to benefit communities across Pakistan by addressing pollution, creating employment opportunities, enhancing energy access, implementing efficient waste management systems, introducing e-mobility solutions, and promoting gender equality and social inclusion.
