Pakistan PM Urges Collective Action at COP29 Climate Summit
Prime Minister Shehbaz Sharif attends the COP29 summit in Baku, focusing on climate finance and global cooperation to address the challenges faced by vulnerable nations.
Prime Minister Shehbaz Sharif is representing Pakistan at the COP29 summit in Baku, Azerbaijan, alongside key officials such as Deputy Prime Minister Ishaq Dar and Information Minister Attaullah Tarar. The summit brings together world leaders to address critical climate challenges, with PM Shehbaz Sharif scheduled to host a Climate Round Table Conference. The focus of the discussion will be on the struggles faced by developing nations, which contribute minimally to carbon emissions yet bear the brunt of climate impacts.
The COP29 summit, also known as the "Finance COP," aims to secure climate finance for vulnerable nations. The summit's main objectives include:
- Climate Finance Goal: Establishing a new collective quantified goal (NCQG) to replace the previous $100 billion annual target.
- National Climate Commitments: Encouraging countries to enhance their climate pledges.
- Loss and Damage: Securing funding for countries affected by climate-related disasters.
- Adaptation Finance: Addressing the $194-$366 billion annual adaptation finance gap.
- Carbon Markets: Refining rules for international carbon trading under Article 6.
Pakistan's role in hosting this summit highlights its commitment to global climate cooperation, and the outcomes of COP29 will play a pivotal role in shaping global climate action.
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