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Debt-for-Nature Swap would create Fiscal space for the developing countries: Prime Minister

admin-augaf by admin-augaf
September 21, 2021
in Business
Reading Time: 2 mins read
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Debt-for-Nature Swap would create Fiscal space for the developing countries: Prime Minister

Debt-for-Nature Swap would create Fiscal space for the developing countries: Prime Minister

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Islamabad September 21 2021: Speaking on the informal meeting of climate change, Prime Minister Imran Khan highlighted Pakistan’s extreme vulnerability to Climate Change and shared that addressing its impact was a major priority of his government.

In this regard, he informed the leaders about the key national initiatives, including the success of flagship 10 Billion Tree Tsunami Project and clean energy target of 60 percent by 2030. He also highlighted that Pakistan had replaced two planned 2600 MW coal power plants with hydropower projects as part of its efforts towards climate sensitive economic growth and development.


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The Prime Minister stressed that the developed countries must take lead in raising their climate ambitions, both for emissions reduction and increased financial flows to the developing countries. He emphasized that commitments made under the Paris Agreement must be fully implemented, and expressed concern over unrealized climate finance pledges by the developed countries.

He also suggested that initiatives such as debt-for-nature swap would create fiscal space for the developing countries for enhanced climate actions. In its quest to be a part of solution, Pakistan remains fully committed to play its leadership role in addressing the global challenge of Climate Change through cooperative and constructive engagement.


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Prime Minister Imran Khan addressed an informal meeting on Climate Change through video link, today. The meeting was convened jointly by Prime Minister of UK and the United Nations Secretary General on the sidelines of the 76th session of the UN General Assembly. Twenty five Heads of State and Government were invited for the leaders’ informal gathering.

The objective of the meeting was to deliver a shared political understanding and vision on what needs to be delivered in the lead-up to and at the forthcoming Climate Change Conference (COP-26) in Glasgow, to be held in November 2021.

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