The Prime Minister of Pakistan Shehbaz Sharif delivered a powerful call for urgent international climate finance, at the climate summit in Baku.
The Prime Minister of Pakistan Shehbaz Sharif delivered a powerful call for urgent international climate finance, at the climate summit in Baku.
He stressed that developing nations will need an estimated $6.8 trillion by 2030 to meet their climate commitments.
The Prime Minister's remarks highlighted the immense financial challenges facing countries like Pakistan, which, despite significant progress with its national adaptation plan and carbon market framework, cannot achieve its climate goals without substantial global support.
"While Pakistan has made strides in combating climate change," Prime Minister Sharif said, "we cannot do it alone. The scale of the challenge is far too great, and the financial resources needed to meet our climate targets are beyond our reach without international assistance."
Sharif urged COP29, under Azerbaijan's leadership, to transform into a “finance COP,” one that prioritizes restoring trust in the climate finance process and significantly scales up funding for developing nations.
He emphasized that climate finance must be grant-based and should not add to the already heavy debt burdens of developing countries, which are already grappling with the impacts of climate change.
"Developing countries are on the frontlines of climate change. We need the world to honor its promises and provide the resources necessary to build resilience and ensure a sustainable future," Prime Minister Sharif asserted.
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Donald Trump said talks between his envoy and Vladimir Putin made major progress toward ending the Ukraine war, urging Kyiv and Moscow to meet face-to-face.
Estonia has passed a €2.8 billion defense funding bill, raising military spending to over 5% of GDP amid growing security concerns over Russia.
George Santos, a former U.S. congressman, has been sentenced to over seven years in prison after being convicted of fraud and identity theft.
The World Food Programme has warned that its food supplies in Gaza have run out, leaving hundreds of thousands at risk as charity kitchens face imminent shutdown.
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UN Secretary-General Antonio Guterres called on world leaders to urgently step up climate efforts ahead of COP30, stressing that the planet faces deepening threats from worsening environmental disasters.
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China has unveiled an ambitious expansion of its renewable energy programme, pledging major investment in solar and wind infrastructure to boost clean energy to 40% of its power mix by 2030—marking a decisive shift toward grid integration and nationwide deployment.
Iran and the U.S. are set for a third round of indirect talks in Muscat, focusing on sanctions relief and guarantees over Iran’s nuclear program.
Donald Trump said talks between his envoy and Vladimir Putin made major progress toward ending the Ukraine war, urging Kyiv and Moscow to meet face-to-face.
Estonia has passed a €2.8 billion defense funding bill, raising military spending to over 5% of GDP amid growing security concerns over Russia.
George Santos, a former U.S. congressman, has been sentenced to over seven years in prison after being convicted of fraud and identity theft.
The World Food Programme has warned that its food supplies in Gaza have run out, leaving hundreds of thousands at risk as charity kitchens face imminent shutdown.
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