Islamabad: Development Assistance and Climate Change Policy Danish Minister Dan Jorgensen launched a climate change project and witnessed the signing of two projects aimed at increasing communities’ resilience to climate change and supporting the implementation of carbon markets in Pakistan, a news source reported on June 17.
During his visit, the Danish minister launched the Green Action Plan and signed significant climate-resilient projects. The first project was signed with the Aga Khan Foundation, which marks a new era of resilience in northern Pakistan. Over the next two years, an innovative project will be implemented, incorporating various measures to enhance disaster response, strengthen infrastructure, and promote sustainable practices.
The initiative will establish community-based disaster risk response teams and committees to equip local communities with the necessary tools and knowledge for effective emergency response. The project goes beyond disaster management by envisioning a comprehensive habitat plan for ten villages in the scenic Kalash Valley.
One of the key focuses of the initiative is to promote climate-forward natural resource management through nature-based solutions. This includes the installation and upgrading of irrigation infrastructure, utilizing solar power for lift irrigation, empowering communities to establish passive solar greenhouses, and providing training to local farmers on climate-smart agricultural practices. These solutions will help communities adapt to the changing climate and ensure sustainable livelihoods.
The second project was signed with the Sustainable Development Policy Institute (SDPI) which aims to address knowledge gaps and build capacity to maximize the benefits of carbon trading and carbon markets in Pakistan. While carbon markets offer a significant opportunity for Pakistan to mitigate its emissions, fulfil its Nationally Determined Contributions (NDCs), and generate revenue, their development and utilization have not been effective thus far.
Denmark, with its effective implementation of carbon trading in various sectors, including agriculture and transport electrification, aims to introduce carbon taxes for sectors like the corporate sector. Denmark can provide Pakistan with the best practices and knowledge to transform its carbon trading sectors.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
