Bureau Report
KARACHI: The Climate Finance Accelerator (CFA) Pakistan Investor Roadshow, funded by the UK, commenced its first day in Karachi, unveiling eight pioneering climate projects spanning agriculture, forestry, waste management, and e-mobility sectors to Pakistani investors. Project developers presented their inventive strategies to combat climate change to investors who offered guidance and input. Each project underwent extensive capacity building from financial, technical, gender equality, and social inclusion experts under CFA Pakistan’s local delivery partner, DAI Pakistan.
British Deputy High Commissioner, Sarah Mooney, reiterated the UK’s commitment to collaborating with Pakistan in tackling the climate crisis, emphasizing the pivotal role of initiatives like the Climate Finance Accelerator in unlocking climate finance and supporting innovative projects.
Najam Shah, Secretary of the Forest & Wildlife Department from the Government of Sindh, emphasized the necessity of collaborative efforts between governmental and non-governmental entities to achieve climate goals.
James Naughton, from DAI Pakistan, emphasized the urgency for action, stating Pakistan’s climate adaptation goals require significant investments, estimating around 14 billion per year, necessitating immediate response from private and public sectors.
The event aims to foster collaboration between financial experts, investors, and project developers to accelerate the transition to a low-carbon economy. If funded, these projects have the potential to benefit communities across Pakistan through pollution reduction, job creation, improved energy access, efficient waste management, e-mobility solutions, and promoting gender equality and social inclusion.
