Pakistan's natural wealth eyed for trillion-dollar carbon, biodiversity market

Faraz Khan, ICCD Special Adviser, highlighted Pakistan's natural wealth could unlock a trillion-dollar carbon and biodiversity market, attracting significant green investments. He emphasized establishing a carbon project registry and robust verification, suggesting replicating voluntary carbon markets like Saudi Arabia's. With carbon markets functional by early 2025 and a sovereign Green Sukuk launched, Pakistan aims to create bankable projects to attract international climate capital. This potential influx of foreign investment could positively influence Pakistan's economic stability and the Pakistani Rupee in the long run.

بحوالہ / Source: www.brecorder.com