Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, announced on Friday that the federal government would spend Rs 4 billion to encourage E-bikes.
And Rs 2 billion for putting out energy-efficient fans across the country in order.
To reduce greenhouse gases from the transportation sector and increase energy efficiency.
In his speech announcing the Budget 2024-25, the Finance Minister stated that Pakistan is experiencing.
The negative effects of climate change and that the government is collaborating on efforts to promote climate mitigation.
Senator Aurangzeb
Senator Aurangzeb stated that the government’s resulting attempts to tackle the climate crisis.
Include the setting up of the Pakistan Climate Change Authority, which will carry out adaptation and mitigation efforts.
Furthermore, National Climate Finance Strategy was under way, which would be completed by October 2024, to help create strategies.
To bring global climate finance to Pakistan and take on projects to reduce carbon emissions, he added.
The Minister also stated that a national digital climate finance tracking the screen would be built to store data on climate finance obtained from global financing facilities.
“Gender and climate budget tagging has been done in government’s budgeting and accounting system that would help in policy making and implementation in these sectors,” the Finance Minister said.
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