ISLAMABAD: The Sustainable Development Policy Institute (SDPI) and the Embassy of Denmark in Pakistan have commenced the second phase of their initiative, Unlocking the Potential of Carbon Markets in Pakistan, aimed at enhancing industry and SME access to carbon markets. At a reception attended by diplomats, policymakers, and industry leaders, Danish Ambassador Jakob Linulf highlighted the project’s achievements in bridging knowledge gaps and strengthening federal-provincial collaborations. “With Danish expertise and SDPI’s support, we are now empowering businesses to capitalize on economic opportunities in carbon markets, advancing Pakistan’s climate goals,” Linulf stated.
The collaboration aligns with Denmark’s commitment to sustainable development and supports the establishment of a resilient carbon market framework in Pakistan. The initiative’s first phase, launched in 2023, trained over 950 professionals in carbon trading, fostering public-private cooperation and assisting in the development of a national carbon market policy, to be presented at COP29.
The second phase focuses on enabling small and medium enterprises (SMEs) to participate in carbon trading through partnerships with chambers of commerce and industry groups. It aims to create a pipeline of market-ready projects and provide SMEs with the tools to craft effective carbon trading proposals. National dialogues, workshops, and expert-led sessions will further enrich public-private synergies, fostering a collaborative approach to carbon market development.
