Davos, 18 January 2023 (TDI): The Minister of Climate Change of Pakistan, Sherry Rehman, participated in a panel discussion titled ‘Bending the Emissions Curve’ at the annual meeting of the World Economic Forum (WEF) in Davos.

While addressing the participants, she said that the world is falling behind the 1.5-degree climate goal proposed by the Climate Change Conferences.

The 53rd meeting of WEF is taking place from January 16 to 20, 2023. A delegation from Pakistan is taking part in the forum under the leadership of Pakistan’s Foreign Minister, Bilawal Bhutto Zardari.

Also read: Pakistan to Participate in World Economic Forum Meeting in Davos

WEF annually brings together political and business leaders to identify pathways to overcome economic, social, and environmental challenges. This year the theme of the forum is “Cooperation in a Fragmented World.

The forum is providing a platform to engage in constructive, forward-looking dialogues & help find solutions through public-private cooperation.

Address by Sherry Rehman

Sherry Rehman addressed world leaders and experts on the urgent need to accelerate Climate Action in this decisive decade. In this vein, she said, “Countries aren’t doing enough to put the world on track to limit global warming to 1.5 degrees Celsius.”

“We feel that a global reset is needed.” Rehman said about Pakistan which was devastated by flooding last year and is expected to be one of the country’s most vulnerable to climate change.

The Minister called for more global coordination among regulators to encourage power purchase agreements and tax credits that can spur the deployment of renewables.

“Companies and countries should do as much as they can with existing technologies such as wind and solar power. It will do until more advanced solutions such as green hydrogen and carbon capture are available at scale.” Rehman reiterated.

Also read: Foreign Minister of Pakistan holds bilateral meetings in Davos

It is pertinent to note that the remarks came hours after the address of United States (US) Climate Envoy John Kerry. He said that the US wouldn’t compromise on its 1.5-degree warming goal.

Scientific models show the world is on track to be well above 1.5 degrees warmer than preindustrial levels by the midcentury.