On November 14, 2024, Pakistan unveiled its first-ever National Climate Finance Strategy (NCFS) at the Pakistan Pavilion during Conference of the Parties (COP) 29 in Baku, Azerbaijan. The NCFS marks a significant milestone in the country’s efforts to address its climate vulnerabilities by mobilizing financial resources for climate mitigation and adaptation. It aims to close a daunting $348 billion climate finance gap by 2030. The NCFS was jointly launched by Federal Finance Minister Muhammad Aurangzeb and the Prime Minister’s Coordinator on Climate Change, Romina Khurshid Alam.[1]
Speaking at the launch of NCFS Ms. Alam emphasized the importance of climate-proofing investments and clarifying institutional roles. She introduced the National Climate Finance Portal, designed to enhance transparency and streamline access to funding. Mr. Aurangzeb in his speech highlighted the NCFS as a cornerstone of Pakistan’s climate agenda, built on principles of transparency, accountability, and inclusivity.[2]
