Islamabad: State Bank of Pakistan (SBP) Governor Jameel Ahmad said that required resilience is needed to protect people, their land and livestock in Pakistan from the negative impacts of climate change-related disasters, a news source reported on May 4.
He shared these views while addressing the SBP-organised Saarc Finance Symposium titled ‘Climate Change and Green Financing: Initiatives & Outlook in South Asia’. Heads of central banks of the region and representatives of the International Finance Corporation (IFC) and Asian Development Bank (ADB) attended the symposium.
The governor highlighted that Pakistan is listed among the top 10 countries that are facing adverse impacts of climate change-related disasters, although its share in greenhouse gas emissions was lower than 1%.
The governor mentioned that climate change and environmental protection are global issues posing serious threats to the economies of the world. The rapid industrialization and the consequent rise in temperature has negatively impacted agricultural output, he believes.
South Asia is the most vulnerable to climate change as more than half of the region has been impacted by changing weather patterns. A holistic approach is required to overcome the negative effects of climate change, he added.
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