Islamabad: Deputy Representative of the United Nations Development Program (UNDP) Van Nguyen called on the Prime Minister’s Coordinator on Climate Change, MNA Romina Khurshid Alam.
In the M/o Climate Change and Environment Coordination Meeting held here, the two sides discussed issues related to climate risk reduction, adaptation and mitigation, climate finance, agricultural insurance, urban flood resilience.
Senior UNDP-Pakistan official, Van Nguyen, reminded the Prime Minister of the Global Climate Shield initiative and said the new global financing mechanism aims to close the protection gap in climate-vulnerable countries like Pakistan.
Sharing the details of the initiative, the Advisor to the Prime Minister, Romina Khurshid, informed that the Group of Twenty (V20) and the Group of Seven (G7) and other supporting countries have launched the Global Campaign against Air Risk to provide and facilitate. More. and better protection from climate and disaster-related risks for vulnerable people in high climate-risk countries.
“Essentially, the Global Climate Risk Shield, a disaster fund that can be accessed instantly, is the most effective, efficient and fastest-growing pre-planned and trigger-based source of finance for economies and businesses. and communities in the most climate-vulnerable countries,” Van Nguyen from UNDP-Pakistan detailed the meeting with Romina Khurshid Alam.
More importantly, the main objective of the initiative is to provide comprehensive support to countries to respond to climate risks and impacts, to close protection gaps and effectively address losses and losses caused by climate change, a senior UNDP-Pakistan official told the Prime Minister. Assistant Minister.
Another key objective of the initiative, he said, is to provide grant-based financial and technical assistance to climate-vulnerable countries like Pakistan to develop and implement financial protection solutions for vulnerable communities related to climate change and adaptation efforts.
Meanwhile, a UNDP-Pakistan official has assured Assistant Prime Minister Romina Khurshid Alam of the organization’s full support to secure financial and technical support for the country’s climate resilience initiative.
Romina Khurshid thanked and praised UNDP-Pakistan for its generous offer through the Ministry of Climate Change and Environmental Coordination to Pakistan for early warning for climate-vulnerable sectors, especially agriculture, urban flood resilience and disaster risk reduction.
Romina Khurshid Alam told UNDP, “I cannot miss the opportunity to help people and socio-economic sectors, especially agriculture, water, energy, health, education.” – High official of Pakistan Van Nguyen.
The assistant prime minister said greater financial protection and faster and safer disaster preparedness and measures under the initiative could help vulnerable areas respond effectively to losses and losses related to climate change in Pakistan.
At the meeting, the prime minister’s coordinator said that the adverse effects of climate change have increased in the last ten years, threatening the safety of humanity and the stability of ecosystems.
The Deputy Prime Minister said that cyclones, droughts and floods are becoming more frequent not only in Pakistan but also in other countries. These extreme weather events, together with the gradual onset of climate change, lead to increased risks for the sustainable development of all countries, especially the most vulnerable countries and communities.
Assistant Prime Minister Romina Khurshid Alam said that despite investment in climate change and climate change adaptation, residual risks of climate change and loss remain.
“There needs to be a better system to ensure the most efficient, effective and rapid funding for the most vulnerable people in the event of a weather-related disaster,” he said.
