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World Bank lauded for helping Pakistan achieve SDGs

byCT Report
06/12/2015
in Business
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ISLAMABAD: Federal Minister for Climate Change Zahid Hamid Sunday lauded efforts of the World Bank for helping Pakistan to achieve sustainable socio-economic development goals and alleviate poverty in the country.

He said this in a meeting with Senior Director for Climate Change at the World Bank John Roome who was called on the Minister for Climate Change Zahid Hamid on the sidelines of the UN-led global climate change conference.

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Both sides discussed various development initiatives of the World Bank and their impacts on agriculture, water irrigation, energy, health, livelihood and gender development sectors launched in Pakistan, said a press release.

He said the World Bank official that present government would further welcome any support required to cope with delirious impacts of climate change on various socio-economic sectors and people’s livelihoods.

“The gains made over the years particularly in the agriculture, water, education, health and energy and poverty reduction in the country are being threatened by the devastating impacts of climate change” Zahid Hamid told John Roome. He added floods, heat waves, cyclones, sea intrusion, shifting and weakening rainfall patterns and surging glacial melt.

However, the  PML-N led government would welcome any project of the World Bank launched in Pakistan, which would help the country cope with the climate change impacts and boost its climate resilience.

The minister also informed how Pakistan is bearing the brunt of climate change despite its negligible contribution in the overall climate-altering global carbon emissions. He told him, “The country’s contribution to global emissions is minuscule – roughly 0.8 percent of global GHG emissions.

On the basis of per capita GHG emissions, we stand 135th in the world. Yet, the country is frequently exposed to extreme weather events such as droughts, sea level rise, floods, landslides, recession of glaciers and glacial lake outburst floods (GLOF); and cyclone activity.

“Over last two decades, the country’s average annual economic damages due to the climate change-induced extreme weather have been calculated at US$ 4 billion.”

Zahid Hamid also conveyed Pakistan’s adaptation needs in various socio-economic sectors to mitigate negative impacts of climate change.

“We would, however, laud World Bank if it plays its role in helping Pakistan meet its financial, technology and technical capacity-building needs in the various socio-economic sectors,” he said.

John Roome assured the minister all-out support of his organization and said that he would convey Pakistan’s adaptation needs in agriculture, water, irrigation, energy, health and education areas as a part required for making the country climate-resilient.

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