NDRMF committed to make Pakistan resilient against climate change impacts.

The National Disaster Risk Management Fund (NDRMF) in a seminar on the Carbon markets potential Tuesday expressed its commitment to further enhance efforts of resilience building against natural disasters and long-term climate change adverse impacts by engaging effectively with the Private Sector and other relevant stakeholders.The seminar, titled 'Leveraging Carbon Markets to enable Private Investment,' addressed critical topics such as the current state of climate change in Pakistan, the understanding of carbon markets, major challenges, Road map for future and the opportunities they present for the Private Sector, a news release said issued here.

By identifying potential sectors for carbon trading and exploring the role of the Private Sector, the event aims to bridge the gap in understanding the challenges, barriers, and international collaborations in the realm of carbon markets. The seminar invited participation from a diverse audience, including the Private Sector, Government officials, UN agencies, Project Developers, Industry leaders, Environmental organizations, Academics, and Climate change enthusiasts. Besides speeches, panel discussions were also organized on the topics of Climate Change and Carbon Marketing and Carbon Market Potentials for Private Sector in which representatives of national and international development sector organizations, Corporate Sector Organizations and Business owners took part.

Bilal Anwar, CEO NDRMF, said the overarching objective of the seminar is to build understanding within the Private Sector regarding Carbon Markets, exploring their potential role, and devising a roadmap for timely engagement ultimately leading towards protection against adverse impacts of climate change. Highlighting the outcomes of such events, Anwar said Carbon Markets are globally recognized mechanism for carbon financing and meeting mitigation action in a cost efficient manner. Pakistan can benefit from tapping into Carbon Markets, such as voluntary emissions trading schemes, which will enable Pakistan to unlock private finance via carbon credits. Climate Change Specialist and NDRMF Board Director, Ali Tauqeer Sheikh applauded the role of NDRMF in...