Pakistan is grappling with a significant climate challenge, requiring an estimated $348 billion between 2023 and 2030 to effectively implement adaptation and decarbonization strategies. However, the country currently secures only $1.4 to $2 billion annually, exposing a substantial financing gap that hinders progress. Recognizing this urgent need, the government introduced its first-ever National Climate Finance Strategy in November 2024, designed to mobilize domestic and international resources for climate resilience.
To bolster these efforts, the World Bank has pledged $20 billion over the next decade to support Pakistan’s climate adaptation and sustainability initiatives. Despite these commitments, the existing shortfall underscores the necessity for stronger global partnerships, increased foreign investment, and innovative financing mechanisms. Without urgent intervention, Pakistan faces severe climate-related risks, threatening economic stability, food security, and public health. Addressing this crisis demands collective action from international stakeholders to ensure a sustainable and resilient future for the nation.
