Climate finance is a multifaceted concept, referring to finance activities that are aimed towards mitigating and adapting to the impacts of climate change. As per the Nationally Determined Contributions (NDC), Pakistan aims to reduce its greenhouse gas emissions to 50% by 2030, which calls for about USD 151 billion investment just for energy sector mitigation by 2040. This is where climate financing comes into play for Pakistan. In this episode of Let’s Talk Development, Dr. Abrar Chaudhury and Sara Hayat discuss climate finance, focusing on what climate change really encompasses and what the obstacles to Pakistan’s climate finance mobilisation are.
Sara Hayat is an experienced lawyer and consultant who focuses on climate change law, policy and advocacy, with a niche in climate change and gender. She is also working as an Adjunct Professor at the Lahore University of Management Sciences (LUMS).
Dr. Abrar Chaudhury has earned a PhD in Environmental Change and Management, an MBA, and an MSc in Environmental Management (Distinction), from the University of Oxford. He is also a Fellow Chartered Accountant (FCA), and has carried out various research on global environmental change, climate finance, and corporate purposes.