Climate change-related events cost Pakistan an estimated $4 billion each year. This was determined in a report by Transparency International Pakistan (TIP) that highlighted the financial impact of climate change on the country.
The report assessed the current frameworks for climate action in Pakistan. It emphasised Pakistan’s vulnerability to climate change and the importance of adequate funding for commitments under the nationally determined contributions (NDC).
The report stated that, while Pakistan is one of the top ten countries most affected by climate change, it is not among the top recipients of climate finance.
Transparency International Pakistan made several key recommendations, including operationalizing and empowering climate change institutions established under the Climate Change Act of 2017, involving public and expert participation, incorporating transparency and climate perspectives into project designs, building capacity for auditing and reporting institutions, and ensuring compliance with transparency laws.
The report also emphasised the need to close the policy gap between national and provincial climate policies, increase climate budget allocations, create an open database on climate finance, and improve climate governance integrity by implementing global best practices.
TIP emphasised the urgent need for stronger climate governance in Pakistan in order to effectively address climate change’s challenges and mitigate its negative effects on the country’s economy and the environment.
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