AIRLINK 196.20 Increased By ▲ 4.36 (2.27%)
BOP 10.16 Increased By ▲ 0.29 (2.94%)
CNERGY 7.92 Increased By ▲ 0.25 (3.26%)
FCCL 38.30 Increased By ▲ 0.44 (1.16%)
FFL 15.90 Increased By ▲ 0.14 (0.89%)
FLYNG 25.44 Increased By ▲ 0.13 (0.51%)
HUBC 130.65 Increased By ▲ 0.48 (0.37%)
HUMNL 13.79 Increased By ▲ 0.20 (1.47%)
KEL 4.66 Decreased By ▼ -0.01 (-0.21%)
KOSM 6.38 Increased By ▲ 0.17 (2.74%)
MLCF 44.95 Increased By ▲ 0.66 (1.49%)
OGDC 209.79 Increased By ▲ 2.92 (1.41%)
PACE 6.68 Increased By ▲ 0.12 (1.83%)
PAEL 41.05 Increased By ▲ 0.50 (1.23%)
PIAHCLA 17.75 Increased By ▲ 0.16 (0.91%)
PIBTL 8.13 Increased By ▲ 0.06 (0.74%)
POWER 9.38 Increased By ▲ 0.14 (1.52%)
PPL 180.99 Increased By ▲ 2.43 (1.36%)
PRL 40.00 Increased By ▲ 0.92 (2.35%)
PTC 24.41 Increased By ▲ 0.27 (1.12%)
SEARL 111.75 Increased By ▲ 3.90 (3.62%)
SILK 0.99 Increased By ▲ 0.02 (2.06%)
SSGC 38.17 Decreased By ▼ -0.94 (-2.4%)
SYM 19.22 Increased By ▲ 0.10 (0.52%)
TELE 8.75 Increased By ▲ 0.15 (1.74%)
TPLP 12.10 Decreased By ▼ -0.27 (-2.18%)
TRG 66.00 Decreased By ▼ -0.01 (-0.02%)
WAVESAPP 12.29 Decreased By ▼ -0.49 (-3.83%)
WTL 1.69 Decreased By ▼ -0.01 (-0.59%)
YOUW 3.99 Increased By ▲ 0.04 (1.01%)
BR100 12,090 Increased By 159.6 (1.34%)
BR30 35,982 Increased By 322.6 (0.9%)
KSE100 114,866 Increased By 1659.2 (1.47%)
KSE30 36,099 Increased By 534 (1.5%)

Pakistan has joined the international community in global efforts against climate change by signing the Paris Agreement with 175 other countries at UN Headquarters in New York. Speaking on the occasion as representative of Pakistan, Chaudhry Nisar Ali Khan, Minister for Interior and Narcotics Control called the Paris Agreement "a landmark in the history of our planet."
Urging the world body to implement the agreement fully and faithfully, the Minister said, "We have now proper action plan to deal with the greatest development emergency of our times". He said that Pakistan joined the consensus in Paris in line with the commitment to the principles and objectives of the Climate Convention. Assuring the world body of Pakistan's commitment to implement national climate plans, Chaudhry Nisar cautioned that fulfillment of financial obligations, particularly meeting the US 100 billion dollars target by developed countries was extremely important.
"The availability of adequate resources remains critical for climate actions in developing countries", he added. Arguing that the challenges and needs of developing countries were enormous, Chaudhry Nisar said that the bulk of the estimated trillions of dollars that are needed globally to effectively respond to climate change impacts has to be spent in developing countries.
He said that while Pakistan's contribution to global warming was very modest, yet the country is profoundly vulnerable to its adverse impact. "Overall the temperature in my country has already risen. Pakistan's 5000 glaciers are in retreat. They are receding faster than in any other part of the world", he added. In addition, he said that Pakistan was already a water stressed country and the frequency of large floods has also increased in recent years causing huge losses to the lives and livelihoods of people.
He said that Pakistan's national priority remains economic growth, while ensuring that we deviate from the business as usual trajectory of increase in emissions. Pakistan's ratification process, the Minister said, will hinge on the updated Intended Nationally Determined Contributions (INDC), a process that has commenced. "We will be presenting an ambitious INDC that would both promote the imperative of development and address environmental concerns", he added. The Minister told the august gathering that Pakistan has adopted an ambitious course to implement its national climate plans including a comprehensive long-term sustainable development policy framework - Vision 2025 - which fully takes into account our Climate Change Policy and associated objectives.
He said that a Climate Change Council and a Climate Change Authority was being established as part of strengthening of institutional structures at all levels to accelerate climate action. "Over 5 percent of the annual budget is already being allocated to climate change related activities". The Minister expressed confidence that a comprehensive approach will help meet climate objectives and build required institutional resilience. "It will also enable us to contribute to the global mitigation efforts against climate change aimed at keeping the temperature rise below 2-degree Celsius", he stressed. The Minister concluded by saying that the international community must live up to the commitments to realize the Paris Agreement. "This will test all of us but we owe this to our common humanity and future generations".

Copyright News Network International, 2016

Comments

Comments are closed.