World Bank To Provide $188 Million For Pakistan To Combat Climate Change

June 5, 2020Nouman Ilyas0

Advisor to Prime Minister, Malik Amin said the current government is taking all-out measures for overall environmental protection through forest regeneration and biodiversity conservation programs as well as boosting the country’s climate resilience through enhanced risk management for disasters.

He said this while addressing a signing ceremony of an agreement for a five-year worth US $188 Million ‘Pakistan Hydromet and Ecosystem Restoration Services Project.’

Under the agreement, the World Bank (WB) would join with Pakistan in providing funding and technical support to the disaster resilience. And ecosystem restoration initiatives of the latter through more reliable and timely weather forecasting improved disaster risk management services. As well as overall environmental sustainability and achieving the country’s green growth targets.

“This is the first time that Pakistan has been active in obtaining US 188 million heavy funding for an ambitious five-year project aimed at addressing environmental degradation, deforestation, climate change disaster risks in the country through natural solutions such as the forest cover, improving hydro-meteorological forecasts for the effective delivery of disaster risk management”, said the advisor.

Malik Amin also said the launch of the Green Stimulus Package by the federal government would support the 10 trillion tsunami afforestation project, which promotes the forestry sector by engaging the workforce throughout the country to raise plantations and other conservation-related activities.

He further noted that the Green Economic Stimulus also supports the Clean and Green Pakistan Campaign, which takes a holistic approach and aims to reduce and mitigate air, soil and water pollution.

Advisor to Prime Minister Malik Amin said the current government is taking all-out measures for overall environmental protection through forest regeneration and biodiversity conservation programs as well as boosting the country’s climate resilience through enhanced risk management for disasters.

Extracted from City42 News

Nouman Ilyas

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