Prime Minister Shehbaz Sharif on Thursday urged the international community to fulfil its commitments on climate finance, warning that debt-driven solutions are not viable for vulnerable nations like Pakistan facing the escalating climate crisis.
“Loans over loans, adding to loans is not a solution,” the prime minister said while speaking at the Special Climate Event convened by UN Secretary-General António Guterres along with the President of Brazil (COP-30 Host). The event called on member states to present new Nationally Determined Contributions (NDCs) with 2035 targets.
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Reaffirming Pakistan’s determination to be part of the global climate solution, PM Shehbaz expressed hope that the world would honour its pledges for the sake of future generations.
He reminded global delegates that Pakistan was still reeling from the devastating 2022 floods, which caused over $30 billion in losses and displaced millions. “This year alone, intense monsoon rains, cloudbursts, flash floods, and urban inundation have affected over five million people, destroyed 4,100 villages, and claimed more than 1,000 lives,” he said.
