ISLAMABAD, July 1 (APP): Prime Minister’s Coordinator for Climate Change and Environmental Coordination Romina Khurshid Alam on Monday said Pakistan is making efforts to benefit from the UN carbon trading system.
She made these remarks during the meeting with a three-member delegation of the Denmark Mission of the United Nations Environment Programme, led by Senior Economist, who called on Prime Minister’s Coordinator on Climate Change Romina Khurshid Aalm here at the Ministry of Climate Change. & Environmental coordination.
During the meeting, Carbon Credit Markets Advisor, Urwah Khan of the United Nations Environment Program briefed Prime Minister’s Climate Advisor Romina Khurshid Alam on carbon market-related initiatives and the potential benefits that Pakistan can gain from its carbon credits from various sectors including cement, to sell. , oil and gas, textile and other industrial industries, according to a press release.
He also assured the Prime Minister’s Climate Assistant of his organization’s full technical and non-technical support for building policy infrastructure and its implementation for creating an enabling environment for various potential sectors including cement, waste, textiles, oil and gas, telecom and information technology sectors to generate and sell their carbon credits on the international carbon credit markets.
Both sides agreed to work together to enable Pakistan’s various industrial sectors to sell their carbon credits on international carbon trading markets and earn financial benefits.
“We are very much aware of the huge untapped economic potential that carbon markets offer Pakistan to generate carbon credits in the international carbon market and earn economic profits from selling the carbon credits,” the Prime Minister’s climate aide said at the meeting.
Carbon markets are international trading systems in which carbon credits are sold and purchased to offset greenhouse gas emissions by purchasing carbon credits from entities that remove or reduce greenhouse gas emissions.
