Carbon Neutrality on April 1, 2023The famous proverb, “When Life Gives you Lemons, Make Lemonade!” sums up the idea of developing carbon markets in Pakistan where lemons are the rising amount of industrial, agricultural, construction, and vehicular Greenhouse Gas (GHG) emissions and lemonade would be the carbon credits traded in the carbon markets. Carbon markets are trading systems in which […]
Green Banking & Islamic Banking on January 7, 2023And when it is said to them, “Do not cause corruption on the earth,” they say, “We are but reformers.” Unquestionably, it is they who are the corrupters, but they perceive [it] not. (Qur’an 2: 11-12). Up to 1,400 years ago, Islam gave us the doctrine regarding the behaviour of all human beings toward the […]
Pakistan’s Sustainability Journey on December 8, 2022“Tragedy of the Horizon” is a term used to explain the global risk arising from the inherent disparity between short-term planning regarding sustainable economic development and the long-term adverse impacts of climate change. This term perfectly encompasses the tragedy in the form of climate change, natural resource degradation, environmental degradation and food insecurity looming on […]
Time to Recalibrate Our Compasses towards Environmental and Social Risk on November 12, 2022The sun is setting on the era of unchecked greenhouse gas emissions, resource degeneration and environmental degradation by the various economic stakeholders. On the not-so-distant horizon, we are all witnessing the dawn of the green and sustainable revolution. The Prime Minister of Pakistan attended COP-27 and highlighted Pakistan’s climate change vulnerabilities endorsing United Nations’ call […]
Food Security through Climate Smart Agriculture Financing on November 1, 2022In the past few years, extreme weather conditions have become commonplace in Pakistan. Heat waves, droughts, and floods have become a yearly occurrence, affecting food and water security in Pakistan. The recent floods have destroyed wide areas of agricultural land resulting in approximately 80 per cent loss of rice, 88 per cent loss of sugarcane […]
Flood Rehabilitation and Resilience through Climate Financing on October 8, 2022An age-old proverb says: “it’s no use crying over spilt milk.” Does this hold true for the catastrophic consequences of Pakistan’s current flood disasters? The recent floods in Pakistan have caused one of the worst humanitarian crises in the last decade with a total estimated damage of approximately. US$ 20 billion. More than 33 million […]
Renewable Energy Revolution on September 17, 2022Pollution reduction is one of the important challenges confronting contemporary business and society. Increasing global temperature with its significant adverse impact on climate change is a worldwide concern. Pakistan, a country that contributes less than one per cent to the global greenhouse gas emission, is literally one-third under-water due to massive floods that have not […]