World Bank Places Pakistan First in The World in Climate Action
CCBs refers to the share of financing dedicated to climate change adaptation or mitigation in operations financed by the World Bank
World Bank (WB) has placed Pakistan as the first in climate co-benefits (CCBs) in the world during the fiscal year 2021.
World Bank Country Director for Pakistan Najy Benhassine took to his Twitter and shared the country’s accomplishments.
Pakistan shows the way on #ClimateAction: World Bank new engagements in #Pakistan in FY21 had highest climate co-benefits(CCBs) in the world, in terms of absolute value,& highest in South Asia as a % of new commitments #ClimateAction @ImranKhanPTI @aminattock @OmarAyubKhan pic.twitter.com/0g3RIdWQrJ
— Najy Benhassine (Wear a Mask to Stay Safe) (@WBPakistanCD) October 6, 2021
CCBs refers to the share of financing dedicated to climate change adaptation or mitigation in operations financed by the World Bank.
It means that 44% of Pakistan’s new mainstream development is climate-friendly.
Further, Special Assistant to the Prime Minister (SAPM) on Climate Change Malik Amin Aslam gave an interview to Cable News Network (CNN).
Pakistan #ClimateChange Minister @aminattock tells me that although #Pakistan produces less than 1% of the world’s #emissions, they plan to lead the world in clean energy, with a target of 60% clean #energy by #2030. pic.twitter.com/0RsACfhJIG
— Becky Anderson (@BeckyCNN) October 7, 2021
He said Pakistan produces less than 1% emissions but it aims to lead the world in clean energy by 2030.
He said extreme weather events were costing billions of dollars in life and property losses to Pakistan every year.
Amin said that Pakistan aims to convert 60% of its energy mix to renewable sources by 2030.
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This will comprise 60% renewable energy mix including solar, wind, and hydropower projects while the rest will be produced from oil and nuclear energy, although nuclear energy is zero-emission.
SAPM said Pakistan has spent its limited resources to mitigate environmental degradation instead of just raising its voice over it.
