OICCI demands urgent climate funding for Pakistan

August 12, 2025 (MLN):  The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged immediate mobilization of large-scale climate finance to safeguard Pakistan’s economy and environment.

It was emphasized at the launch of its 3rd Pakistan Climate Conference (PCC) Report, “Creating an Enabling Environment for Private Sector Participation in Climate Resilience.”

Ranked first on the Climate Risk Index 2025 despite contributing less than 0.9% to global greenhouse gas emissions, Pakistan faces disproportionate climate-related losses.

This includes over $30 billion in damages from 2022’s disasters alone and now requires $40–50bn annually to mitigate and adapt to climate risks.

Secretary of the Ministry of Climate Change and Environmental Coordination (MoCC&E) Aisha Humera Chaudhry stressed that substantial and timely climate finance must be directed towards local solutions, with the private sector playing a central role at the report launch.

She urged international partners to match Pakistan’s climate ambition with significant funding support.

The report warns that without urgent decarbonization, Pakistan’s exports risk losing competitiveness under emerging global trade frameworks like the EU’s Carbon Border Adjustment Mechanism.

OICCI Secretary General M. Abdul Aleem emphasized that green finance and decarbonization are now essential to sustaining economic growth and global competitiveness.

SDPI Executive Director Dr. Abid Suleri and ACCA President Ayla Majid, called for consistent policy, transparent data, and strengthened technical and governance capacities to attract private climate investment and ensure effective deployment of funds.

The 3rd PCC Report outlines actionable pathways in regenerative agriculture, industrial decarbonization, plastic circularity, and carbon market development, stressing the need for enabling policies and capacity-building to close Pakistan’s climate financing gap.

Representing Pakistan’s private sector at COP28 and COP29, OICCI continues to advocate for public-private partnerships in advancing climate action and green finance frameworks.

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