ISLAMABAD: Pakistan has sharply criticized rich international locations for what it termed “world hypocrisy” on local weather finance, accusing them of pressuring creating nations to undertake inexperienced reforms whereas withholding the funds wanted to fight environmental disasters.
Talking on the opening plenary of the twenty eighth Sustainable Growth Convention, Federal Local weather Change Minister Musadik Malik mentioned that Pakistan, regardless of contributing lower than 1 p.c of world carbon emissions, is bearing a disproportionate share of the implications — from catastrophic floods to extended droughts.
“Forty p.c of emissions come from simply two international locations, and 10 nations are chargeable for 75 p.c — but they obtain 85 p.c of world inexperienced financing,” Malik famous. “In the meantime, international locations like ours are advised to be greener or face carbon taxes. What a hypocrisy.”
He condemned worldwide lenders for demanding that Pakistan “repurpose” social and schooling funds to rebuild infrastructure destroyed by local weather disasters, arguing that this strategy undermines human improvement.
The four-day convention, themed Sustainable Growth within the Rising World Dis/Order, is organized by the Sustainable Growth Coverage Institute (SDPI). It additionally options the sixteenth South Asia Financial Summit (SAES), the third Sustainability Funding Expo (SIE), and the ninth South and South-West Asia Subregional Discussion board on Sustainable Growth (UNESCAP).
Echoing Malik’s remarks, Bangladesh’s atmosphere adviser Syeda Rizwana Hassan warned that the erosion of multilateral cooperation, worsening pure disasters, and cross-border water disputes may threaten tens of millions of lives throughout South Asia.
