Pakistan urges developed nations to expand role in climate financing as the country continues to face severe climate-induced disasters. Speaking at the Second Asia Energy Transition Summit at LUMS, Planning Minister Ahsan Iqbal stressed that developing nations cannot transition to green technologies unless wealthier countries fulfill financial commitments and provide concessional support.

Pakistan has positioned itself as a frontline state suffering from climate catastrophes. Floods, droughts, heatwaves, melting glaciers, cyclones, and unpredictable monsoon patterns have increasingly disrupted the country’s economy, infrastructure, and human security. According to officials, more than 1,000 deaths this year alone were linked to floods and landslides caused by heavy rainfall and glacier melt.

This escalating vulnerability underscores why Pakistan urges developed nations to expand role in climate financing more urgently than ever before.

Why Climate Financing Must Expand Immediately

There are at least ten powerful reasons supporting Pakistan’s renewed call:

1. Rising climate-related deaths
2. Repeated infrastructure destruction
3. Mounting economic losses
4. Limited national fiscal capacity
5. Expensive green technologies
6. Global responsibility for historical emissions
7. Accelerating glacier melt in the Himalayas
8. Increasing heatwaves threatening agriculture
9. Urban flooding and climate migration
10. Moral and ethical responsibility of wealthy nations

Without scaled-up financing, Pakistan and other climate-vulnerable nations will continue to suffer disproportionately.

Ahsan Iqbal’s Call for a Fair Global Financial System

During the Summit, Ahsan Iqbal emphasized that the current international financial structure does not adequately support vulnerable nations. He stated that climate emergencies are intensifying faster than expected, leaving developing countries with limited fiscal space to adapt.

He proposed three major reforms:

1. Redesigning the Global Financial Architecture

Iqbal highlighted the need to rebuild the financial system on principles of equity, justice, and shared responsibility.

2. Providing Concessional Climate Loans

High-interest loans deepen debt burdens. Vulnerable countries require low-cost, flexible financing.

3. Ensuring Technology Transfers

Pakistan—and many other developing states—need affordable green technologies for clean energy, climate-smart agriculture, and emission reduction.

This argument forms the core reason why Pakistan urges developed nations to expand role in climate financing urgently.

Renewable Energy Reforms and Green Innovation in Pakistan

Pakistan has accelerated its push toward renewable energy and sustainability. Ahsan Iqbal noted that the government has introduced reforms focusing on:

• Expanding solar power
• Encouraging investment in wind energy
• Integrating green tech in public infrastructure
• Developing climate-resilient agriculture
• Promoting electric mobility

Pakistan has one of the world’s strongest solar potentials, especially in Balochistan, Sindh, and southern Punjab. The country also boasts a large talent pool of engineers and scientists who can accelerate green innovation.

This momentum will remain limited unless global institutions increase concessional financing—another reason why Pakistan urges developed nations to expand role in climate financing.

Pakistan’s Leadership in Global Climate Negotiations

Pakistan has emerged as an influential voice in international climate diplomacy. Its leadership during the 2022 COP27 summit in Egypt played a critical role in pushing for climate justice and financial support for vulnerable states.

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At every major climate conference—including the upcoming COP30—Pakistan emphasizes that global commitments must be fulfilled without bureaucratic delays or political conditions.

Loss and Damage Fund: A Victory Led by Pakistan

One of Pakistan’s biggest diplomatic achievements was its central role in establishing the Fund for Responding to Loss and Damage (FRLD) at COP27.

The Fund aims to support developing countries facing:

• Extreme weather events
• Economic losses
• Slow-onset climate impacts
• Rising sea levels
• Droughts and water scarcity

Although the Fund was established in 2022, its implementation has been slow, and contributions from developed nations remain lower than promised.

This is why Pakistan urges developed nations to expand role in climate financing now—before disasters intensify further.

Climate Disasters Intensify Pakistan’s Economic Burden

Pakistan is recognized among the world’s most climate-vulnerable nations. Over the past decade, the country has suffered billions of dollars in losses due to climate emergencies. In multiple assessments by the World Bank and UNDP :

• https://www.worldbank.org
• https://www.undp.org

Pakistan ranks consistently among the top countries impacted by climate change.

The economic burden is massive. Infrastructure damage, agricultural losses, health emergencies, and displacement crises have become recurring annual challenges. This year’s floods alone devastated thousands of acres of farmland, disrupted livelihoods, and triggered nationwide food insecurity alerts.

This is why Pakistan urges developed nations to expand role in climate financing —because recovery without global financial assistance is nearly impossible.

Conclusion

As climate disasters escalate across South Asia, Pakistan urges developed nations to expand role in climate financing to help vulnerable countries adopt sustainable, resilient, and affordable green technologies. Ahsan Iqbal’s call at the Asia Energy Transition Summit reflects a broader regional demand for fairness, equity, and global solidarity. With continued leadership at climate summits and strong domestic reforms, Pakistan aims to transform its development path—if the world is willing to support it.