- Launch of USAID Pakistan Climate Financing Activity: USAID launches a $10 million, four-year initiative aimed at enhancing sustainability and climate resilience in Pakistan.
- Objectives: The initiative seeks to mobilize both public and private finance for climate mitigation, resilience, and adaptation efforts, aligning with the U.S.-Pakistan “Green Alliance” framework.
- Stakeholder Engagement: Key stakeholders, including government representatives, private sectors, development partners, and academia, collaborate to address climate challenges and advance Pakistan’s capacity for effective climate response.
Islamabad, Pakistan — On Wednesday the United States Agency for International Development (USAID)/Pakistan launched the Pakistan Climate Financing Activity, an up to $10 million, four-year endeavor aimed at bolstering sustainability and climate resilience in Pakistan. Funded through USAID, this initiative underscores the steadfast commitment of the U.S. government to foster responsible stewardship of natural resources and combat the climate crisis. It represents a significant stride towards fulfilling the objectives outlined in the U.S.-Pakistan “Green Alliance” framework.
The USAID Pakistan Climate Financing Activity will help facilitate Pakistan’s transition to a low-carbon, climate-resilient economy. Through targeted technical assistance, the initiative aims to mobilize both public and private, domestic and international finance for climate mitigation, resilience, and adaptation efforts.
At the launch event held in Islamabad, notable attendees included representatives from the Ministry of Climate Change and Environmental Coordination, representatives frfrom the Ministry of Climate Change and Environmental Coordination, provincial departments of the Government of Pakistan, private sectors, development partners, and academia, highlights the collaborative approach to addressing climate challenges.
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Addressing the audience, USAID Deputy Mission Director Maura O’Brien emphasized, “The USAID Pakistan Climate Financing Activity will support innovative projects tailored to Pakistan’s context, scaling up efforts to build climate resilience. Through evidence-based solutions, this activity aims to advance Pakistan’s capacity to respond to climate change effectively. I am confident that the Pakistan Climate Financing Activity will bridge gaps and fulfill existing needs – and ultimately advance Pakistan’s capacity to respond to climate change effectively.”
Echoing USAID’s sentiments, the Special Coordinator Ms. Romina Khurshid from the Ministry of Climate Change and Environmental Coordination stated, “The Government of Pakistan warmly welcomes this initiative from the United States, aimed at bolstering our nation’s climate resilience, mitigation, and adaptation efforts. While Pakistan has made strides in fostering an innovative climate landscape, financial constraints remain a significant impediment. This activity will serve as a catalyst for concerted action, bringing together government, private sector, environmental experts, and development partners to tackle the challenges posed by climate change.”
The USAID Pakistan Climate Financing Activity aligns with USAID’s global flagship initiative to enhance climate investment in vulnerable and emerging markets. By de-risking and catalyzing climate finance equitably, this initiative aims to leverage both public and private sector investments to fortify Pakistan’s capacity for climate resilience and adaptation.
The USAID Pakistan Climate Financing Activity represents a significant investment of up to $10 million over four years aimed at enhancing sustainability and climate resilience in Pakistan. It aims to mobilize both public and private finance for climate mitigation, resilience, and adaptation efforts, aligning with the U.S.-Pakistan “Green Alliance” framework. Key stakeholders from government, private sectors, development partners, and academia are engaged in a collaborative approach to address climate challenges. The initiative emphasizes tailored, evidence-based solutions to bridge existing gaps and fulfill Pakistan’s evolving needs in climate resilience. Aligned with USAID’s global flagship initiative, it aims to de-risk and catalyze climate finance to fortify Pakistan’s capacity for climate resilience and adaptation, reflecting a holistic approach emphasizing collaboration, innovation, and sustainability.
In essence, the USAID Pakistan Climate Financing Activity represents a holistic and forward-thinking approach to addressing one of the most pressing challenges of our time. Through collaboration, innovation, and a steadfast commitment to sustainability, this initiative holds the potential to catalyze transformative change in Pakistan’s climate resilience efforts, ultimately benefiting its people, ecosystems, and economy for generations to come.
