Shamus Vacasan’s Post

The decision to increase the budget of the Ministry of Climate Change by 11 billion 82 crore rupees It has been decided to allocate 15 billion 62 crores for the Green Pakistan program. Photo: File Islamabad: It has been decided to increase the budget of the Ministry of Climate Change by 11 billion 82 crores, after which the budget will increase from 4 billion to 15 billion 87 crores. According to the sources, it has been decided to allocate 15 billion 62 crores for the Green Pakistan program in the new budget. The total cost of the project, which started in 2018, will be more than 125 billion rupees. In the past, the project was called Ten Billion Tree Tsunami, trees will be planted across the country. According to the sources, the cost of the project is estimated at 29 billion 56 crore rupees till June 30, 2024, while the expenditure on the project will increase to more than 45 billion rupees in the next financial year. The new budget also includes four other projects of the Ministry of Climate Change. 10 crore has been earmarked for the Ministry of Climate Change Capacity Building Project. #decision #increase #budget #Ministry #Climate #Change #billion #crore #rupees

The decision to increase the budget of the Ministry of Climate Change by 11 billion 82 crore rupees It has been decided to allocate 15 billion 62 crores for the Green Pakistan program. Photo: File Islamabad: It has been decided to increase the budget of the Ministry of Climate Change by 11 billion 82 crores, after which the budget will increase from 4 billion to 15 billion 87 crores. According to the sources, it has been decided to allocate 15 billion 62 crores for the Green Pakistan program in the new budget. The total cost of the project, which started in 2018, will be more than 125 billion rupees. In the past, the project was called Ten Billion Tree Tsunami, trees will be planted across the country. According to the sources, the cost of the project is estimated at 29 billion 56 crore rupees till June 30, 2024, while the expenditure on the project will increase to more than 45 billion rupees in the next financial year. The new budget also includes four other projects of the Ministry of Climate Change. 10 crore has been earmarked for the Ministry of Climate Change Capacity Building Project. #decision #increase #budget #Ministry #Climate #Change #billion #crore #rupees

The UN Riyadh conference as part of COP16 is a new proof that PPP has become a cornerstone in UN water related actions. The conference focused on global action to address land degradation and drought. It gathered nearly 200 countries and emphasized the need for urgent action to tackle water related issues, which cost the global economy $10 trillion annually. Key outcomes included commitments to prioritize land restoration and drought resilience in national policies, and the mobilization of over $12 bn. to combat desertification and drought. It also highlighted the importance of PPP in water management.

Najy Benhassine, the World Bank’s Country Director for Pakistan, emphasized the importance of developing and implementing comprehensive climate risk management strategies at the national, provincial, and district levels. He noted that such strategies would help the country better prepare for natural disasters, effectively respond to them, and mitigate their economic, social, and environmental impacts, while protecting vulnerable communities' lives and livelihoods. Benhassine met with Romina Khurshid Alam, the Prime Minister’s Coordinator on Climate Change, to discuss matters of bilateral interest and cooperation aimed at strengthening Pakistan’s climate resilience. The high-level meeting focused on addressing the country’s growing climate vulnerability and the urgent need for enhanced collaboration to tackle the challenges posed by climate change. Both parties agreed to jointly invest in sectors vulnerable to climate change, such as agriculture, water, energy, flood management, and disaster risk reduction, to build resilience in these areas. The meeting also highlighted the increasing climate-related challenges Pakistan faces, including extreme weather events like floods, heatwaves, and droughts. Despite contributing minimally to global emissions, Pakistan remains one of the most climate-vulnerable countries. Romina Khurshid Alam reiterated that Pakistan’s vulnerability to the escalating impacts of climate change is a pressing concern, given its limited share in global greenhouse gas emissions. . . . . . . #InitiateMagazine #Initiate #Initiator #ClimateChange #ClimateRiskManagement #ClimateResilience #PakistanClimate #DisasterRiskReduction #ClimateVulnerability #GlobalEmissions #EnvironmentalImpact #SustainableDevelopment #PakistanAgriculture #FloodManagement #WaterResources #RenewableEnergy #ClimateAdaptation #ExtremeWeatherEvents #PakistanWater #ClimateAction #ClimatePolicy #ClimateFinance #WorldBank #ClimateChangeAdaptation

In 2022, catastrophic floods displaced around 8.7 million Pakistanis, underscoring the country's high vulnerability to climate risks. Although the 18th Amendment devolved environmental matters to provinces, the Pakistan Climate Change Act 2017 restricts localised responses, with provincial climate spending remaining low and access to international funding requiring federal approval. This bureaucratic bottleneck limits targeted climate action, such as in Southern Sindh, where climate risks from flooding are acute but expenditure remains minimal. Pakistan’s fragmented approach, lacking a cohesive national strategy, hampers effective mitigation. A strong central climate policy that integrates provincial roles—drawing from the UK’s carbon budgeting model and the US’s emphasis on public engagement—could improve coordination, accountability, and resilience. Pakistan’s climate challenges require a localized solution that is also inclusive of all stakeholders. #EmpoweringPakistanWithData #OICCIPakistan #ClimateChange #Glaciers #Floods #PrivateSector #GreenClimateFund #NDC #IMF

Federal Minister Ahsan Iqbal chaired a meeting in Islamabad to review Pakistan's post-flood reconstruction under the Resilient, Rehabilitation, and Reconstruction Framework (4RF). Key officials, including international representatives from the World Bank, ADB, UN, and EU, discussed ongoing projects and international financial pledges. Iqbal highlighted the devastating impact of the 2022 floods, which submerged a third of Pakistan, affected 33 million people, displaced eight million, and caused over $30 billion in economic losses. While $10.9 billion in international pledges have been made, a $5.3 billion shortfall remains for recovery. The session also addressed delays in Balochistan's reconstruction efforts and the need for swift action. The Integrated Flood Resilience and Adaptation Project (IFRAP) was reviewed, aiming to support rebuilding and climate resilience in affected areas. Iqbal stressed the importance of international collaboration and efficient implementation to ensure Pakistan is better prepared for future climate challenges. . . . . . . #initiatemagazine #initiate #initiator #PakistanFloods #Reconstruction #ClimateResilience #SustainableDevelopment #4RF #InternationalAid #DisasterRecovery #Balochistan

Interesting insights from OICCI (Overseas Investors Chamber of Commerce and Industry)!

Water conflict in MENA The MENA region saw nearly 300 water-related conflicts between 2010 and 2019. However, it's important to understand the nuances within these events. Conflicts don't always erupt over major transboundary water bodies (like the Jordan River Basin) despite the geopolitical tensions they create. In fact, water resources often become targets or casualties of broader conflicts, complicating the assessment of events where water acts as the sole trigger for disputes. The region's three major river basins – the Jordan, Nile, and Tigris-Euphrates – are significant sources of tension. The MENA's heavy reliance on transboundary water sources (over 60% of water needs) makes it particularly vulnerable. Some nations, like Egypt and Bahrain, depend almost entirely on water originating outside their borders. As water supplies shrink due to climate change and rising demand, the risk of conflicts over shared resources intensifies. Existing agreements may become less reliable, especially as upstream nations gain disproportionate control. This complex interplay of factors underscores the urgent need for sustainable and equitable water management practices in the MENA region. Source: https://lnkd.in/gF8yZubq #waterdesalination #waterconflict #waterResilience #RED #SGP #MENA

As this new The World Bank Group report highlights, the private sector does indeed have a critical role to play in addressing #Yemen’s pressing development challenges. Harnessing its potential through innovative financing mechanisms and guarantee instruments and creating a conducive investment climate can help mobilize the climate-focused funding the country urgently needs to build a greener and more resilient future.    IFC Middle East, Dina Abu-Ghaida, Moneef Sultan Shaibani  

Pakistan Suffers $100 Billion Climate Change Losses Over 2 Decades Islamabad, Pakistan - A staggering report reveals Pakistan has endured $100 billion in climate change-related losses from 2000-2020, nearly equaling its external debt of $130 billion. Recent heatwaves and devastating floods have caused over 1,700 deaths, displaced 8 million people, and damages exceeding $30 billion. World Bank's Country Climate and Development Report urges fundamental shifts in Pakistan's development path and policies to address climate change. Key Findings: •⁠ ⁠18-20% GDP reduction by 2050 due to climate-related risks •⁠ ⁠Transforming agri-food systems, building resilient cities, and accelerating sustainable energy transition crucial Call to Action: Pakistan needs urgent reforms, investments, and policy changes to mitigate climate change impacts. Join the conversation: #PakistanClimateCrisis #ClimateChange #Sustainability #DisasterResilience #EconomicLosses #ClimateAction #NetZero #RenewableEnergy #ClimateJustice Sources: •⁠ ⁠World Bank Group's Country Climate and Development Report (CCDR) for Pakistan •⁠ ⁠Pakistan Environmental Protection Agency (EPA)