The Prime Minister has established a high-level committee to assess Climate Change Governance and the mechanisms for accessing Climate Funds. This committee includes Climate Change Minister Romina Khursheed Alam, SDPI Executive Director Dr Abid Suleri, and other senior members from various sectors.
Chaired by the Deputy Chairman of the Planning Commission, Mohammad Jehanzeb Khan, the committee comprises government officials, parliamentarians, civil society representatives, environmental NGOs, private sector leaders, research institutes, and advisors with expertise in climate-related matters.
The committee’s mandate includes mainstreaming climate considerations across government organizations and operations, integrating them into development agendas and Sustainable Development Goals (SDGs). It will evaluate existing and proposed institutional mechanisms such as the National Climate Change Council, SIFC, proposed Climate Change Authority, Climate Change Fund, National Disaster Risk Management Fund, and coordination with key ministries.
Moreover, the committee will review policies and mechanisms to mobilize climate finance, including carbon finance, from various sources such as Development Finance Institutions (DFIs), Pension Funds, Insurance Companies, Commercial Banks, and Venture Capital firms. It will also assess engagement with Multilateral Development Banks (MDBs) to reduce finance costs and attract private sector investments.
The committee aims to strengthen climate governance, facilitate access to climate and carbon finance, mobilize private sector participation in decarbonization efforts, and align with international regulatory mechanisms like carbon border adjustments. It will also consider the roles of media, academia, and research entities in climate policy advocacy and formulation.
