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Pakistan prepares for key climate finance discussions at summit in Baku

dawn.com — November 7, 2024, 06:01 AM UTC

Pakistan's delegation faces a complex agenda at the upcoming climate summit in Baku, Azerbaijan, starting November 11. Key focuses include enhancing emission reduction targets and mobilizing financial support for climate adaptation and loss and damage.

The summit aims to establish a New Collective Quantified Goal for climate finance, with developing countries advocating for a shift from loans to grants. The goal is to secure at least $1 trillion annually, significantly higher than the previous $100 billion commitment.

Pakistan has played a crucial role in climate finance discussions, particularly in operationalizing the Loss and Damage Fund. The country seeks to ensure that financial goals reflect urgent needs and promote equitable climate finance through collaboration with other developing nations.

Article metrics
Significance5.4
Scale & Impact5.7
Positivity5.9
Credibility8.5
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