Soon Times Correspondent
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Karachi
The UK-funded Climate Finance Accelerator (CFA) Pakistan began its Investor Roadshow in Karachi, showcasing seven climate mitigation projects across sectors like power, e-mobility, healthcare, agriculture, and technology. The CFA, implemented by DAI Pakistan, has provided these projects with technical and financial expertise to prepare them for investment, marking a milestone in bolstering Pakistan’s climate resilience. Designed to combat the intensifying challenges of climate change, these projects will be presented to a distinguished panel of investors from financial institutions, venture capitals, corporations, and key Government bodies during the two-day event. British Deputy High Commissioner Sarah Mooney emphasized the urgent need for sustainable solutions to address Pakistan’s climate crisis. Pakistan is on the front lines of the climate crisis. There is an urgent need for sustainable solutions to help Pakistan adapt to climate change and mitigate against it. Finance is essential to achieve this. We are unlocking investment opportunities through innovative projects to drive long-term, positive change in Pakistan and globally”, she said. Secretary Aisha Humera highlighted private sector involvement in the country’s green transition. James Naughton of DAI UK and Ian Milborrow of PwC UK spoke about the genesis of the global CFA programme, the activities of CFA Pakistan since its 2022 launch, and the overall environment of climate financing in Pakistan. Highlighted projects include Go Energy’s 500MW floating solar project at Keenjhar Lake, Ahya’s AI-powered emissions platform and carbon marketplace, Quintech Sciences’ bio-detergents for wastewater, National Rural Support Programme’s biomass from agricultural waste, Vlektra’s zero-emission electric motorcycles, Pakistan Environment Trust’s biomass supply chain, and Five Star Foods’ R-PET resin for plastic waste reduction. These projects aim to attract investment, create jobs, reduce pollution, and promote clean energy, gender equality, and sustainability. The event will conclude with a roundtable on climate finance strategies.
