ISLAMABAD, July 15 (APP):SAARC Chamber of Commerce and Industry (SCCI) Pakistan chapter Sunday
called upon all countries especially the South Asia Association of Regional
Cooperation (SAARC) states to enhance cooperation and evolve mechanisms to protect the lives of people and the bread basket across the region as shifting weather patterns and extreme climates become the norm.
“Regional governments will lack the capacity to respond to
these challenges if they continue to work in isolation,” Senior Vice President SCCI
Iftikhar Ali Malik said while addressing at “ A Climate Resilient South Asia:
Turning Climate Smart Investment Opportunities into Reality held at Dhaka.
According to message received here from Bangladesh, leader of Pakistan delegation Iftikhar Malik said SAARC members must have to commit themselves to promote programmes for advocacy
and awareness of climate change and to inculcate habits towards a low-carbon
society, including incorporation of science-based educational material in
He emphasized on policies and action for climate change
mitigation, technology transfer, financing and investment mechanism, education,
training and awareness, monitoring, assessment and management of impact and
risks due to climate change. South Asia’s geo-climatic location is between the
Himalayas and the Indian Ocean-Bay of Bengal and the Arabian Sea, thus it is
vulnerable to climate-related disasters caused by multiple hazards from glacier
melting to sea-level rise,” he added.
Iftikhar Malik said the human factors were contributing in a
large way compared to natural ones to induce the climate change.
“The humans are contributing largely through increased carbon dioxide emissions and also
through changes in land use pattern due to urbanization,” he added.
He said that ocean played an important role in absorbing almost 50 per cent of the
carbon dioxide that was released into the atmosphere by human activities.
Highlighting the impact of climate change in Pakistan, he said
Pakistan, facing the brunt of climate change, needed to get access to
international financial resources to establish a proper regulatory mechanism to
cope with the challenges they face in accessing climate change adaptation
He said Pakistan had a strong national commitment and working on
innovative business models to gain financial and technical assistance from both
domestic and international players.
He said Pakistan would require $10.70 billion per annum as the
cost of adaptation to climate change and mitigation cost would range from $8
billion to $17 billion. He said Pakistan was an energy-deficient county and
instead of seeking international funds for fossil fuel energy generation under
CPEC, it needed to move for renewable energy generation, adding “We should look for
funds to build capacity of the workforce, improve the technological resource
base and strengthen institutions for renewable energy sources.
“It is our need to consume coal to meet our development targets to fulfill needs of the growing
population. We can cut out GHG emission if we are provided with sufficient
resources, technology, capacity and finances to move for green energy and
renewables,” he added.
He also suggested increasing regional cooperation through the
SAARC platform. The seminar was organized by SAARC CCI in collaboration with
FNF and Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).