• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Tuesday, June 17, 2025

Daily Times

Your right to know

  • HOME
  • Latest
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Ramblings
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • Arts, Culture & Books
  • Lifestyle
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

Pakistan, ADB eye carbon markets as next frontier for green growth

Authorities in Islamabad and the Asian Development Bank (ADB) have agreed to chart a collaborative strategy on carbon markets and climate innovation.

The development came during a meeting between Federal Minister for Climate Change and Environmental Coordination, Dr Musadik Malik, with a high-level delegation of the ADB, led by Toru Kubo, Senior Director of Climate Change and Sustainable Development (CCSD), to explore collaborative opportunities in carbon markets and forge the path for a new climate strategy grounded in economic and environmental synergy.

According to a statement released by the Ministry of Climate Change, the meeting marked a significant step forward in aligning Pakistan’s national climate strategy with international best practices and market-driven climate finance solutions.

“Both sides agreed to formulate a comprehensive, mutually aligned climate change strategy, with a specific focus on carbon credit mobilisation, climate innovation, and outcomes-based project implementation,” read the statement.

During the meeting, Malik assured ADB of full ministerial cooperation and hands-on involvement in the formulation of the strategy, emphasising that it must remain impact-driven, transparent, and results-oriented.

Toru Kubo reiterated ADB’s strong support, noting that the bank continues to assist its Developing Member Countries (DMCs) by catalysing investments in low-carbon technologies, advancing carbon finance readiness, and enhancing the ability of countries like Pakistan to access and benefit from global carbon markets.

The two sides also discussed how Pakistan can strategically link Sustainable Development Goals (SDGs) to its carbon finance agenda, thereby transforming climate action into a source of economic strength and international credibility.

“As global interest in carbon markets surges, Pakistan is poised to become a regional pioneer by strategically positioning itself in this evolving financial ecosystem,” read the statement.

Filed Under: Business

Submit a Comment




Primary Sidebar




Latest News

Punjab unveils Rs5.3tr ‘tax-free’ budget

Govt rebukes fake news claiming Pakistan plans nuclear strike on Israel

Delegates wrap up tour of Western capitals after India conflict

Kh Asif alerts world to Israel’s nuclear prowess amid Iran conflict

‘World entering new era as nuclear powers build up arsenals’

Pakistan

Punjab unveils Rs5.3tr ‘tax-free’ budget

Govt rebukes fake news claiming Pakistan plans nuclear strike on Israel

Delegates wrap up tour of Western capitals after India conflict

Kh Asif alerts world to Israel’s nuclear prowess amid Iran conflict

‘World entering new era as nuclear powers build up arsenals’

More Posts from this Category

Business

SBP holds policy rate at 11% as oil and inflation risks loom

Afghan transit trade gains traction via Gwadar Port

Fauji Fertilizer to bid for stake in Pakistan’s PIA

Tax Defaulter Arrests: PM constitutes special committee

Rupee sheds 21 paisa against dollar

More Posts from this Category

World

Israeli PM suggests killing Iran’s supreme leader would end conflict

G7 leaders seek unity on Ukraine, Mideast

Spaniards turn water pistols on visitors to protest mass tourism

More Posts from this Category




Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2025 Daily Times. All rights reserved.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy