Pakistan Needs Investment to Build Climate Resilience

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Climate Resilience Image Courtesy @UNDP_SDGFinance
Image Courtesy @UNDP_SDGFinance

New York, 20  April 2023 (TDI): Pakistan unveiled a climate investment portfolio at the SDG investment fair 2023. The Pakistan session held on 19th April. The three days SDG Investment Fair started on 18 April and continued till 20 April.

Financing for Sustainable Development Office of the United Nations Department of Economic and Social Affairs (UNDESA) hosts the fair.

The Pakistan session entitled “Advancing Pakistan’s Climate Resilience by Catalyzing Innovative SDGs Financing”.

At Pakistan session of the UN SDG Investment Fair, Government of Pakistan in partnership with UN Pakistan discussed innovative ways to finance climate resilience in Pakistan.

The keynote speaker Tariq Bajwa, SAPM on Finance, and Pakistan’s Permanent Representative to United Nations, Munir Akram launched the Pakistan SDG Investor Map.

The insights were shared by Kanni Wignaraja, UNDP Regional Bureau of Asia and Pacific, Marcos Neto, UNDP and Navid Hanif, UN DESA.

Investing in projects that are aimed to advance climate resilience and sustainable development will help in closing the SDG investment gap.

Also Read: UN’s Trade Initiatives for Accelerating SDGs

Pakistan’s worst floods began in June last year. According to UN country office more than 33 million people were affected. Many districts of Sindh, Balochistan, Punjab, and KhyberPukhtunkhwa suffered major losses in recent floods.

Due to climate change, the unprecedented rainfall destroyed infrastructure and affected the lives of many.

Pakistan also hosted an international conference in Geneva this year with the help of the UN to generate international support for floods affected areas.

The SDG Fair facilitates a range of investment promotion activities, as well as the capacity building at the national level. It also supports countries with the preparation, structuring, and mapping of countries’ priority SDG investment projects.

Since its launch in 2018, the investment fair has conducted workshops, technical assistance, and helped in capacity-building tools.