Islamabad: The Prime Minister has set up a high-level committee to review Climate Change Governance and Access Mechanisms for Climate Funds and named Climate Change Minister Romina Hursheed Alam and Sustainable Development Policy Institute (SDPI) Executive Director Dr Abid Suler. together with other senior members.
The Minister of Climate Change and Environment Coordination issued a detailed notice explaining the content, mandate, framework of reference (TOR) and list of members of the Committee.
The Council will be chaired by the Vice Chairman of the Planning Commission, which will consist of government officials, members of parliament, representatives of civil society and environmental NGOs, the private sector, research institutions and experts/consultants.
Its members are Vice Chairman, Planning Commission, Prime Minister’s Coordinator on Climate Change Muhammad Jehanzeb Khan (Chairman), Roinina Khurshid Alam, Senator Aisha Raza Farooq, MNA Bilal Kiyani, Executive Director, SDPI, Dr Abid Suleri, Kashmala Kakakhel Climate Finance Expert, Rizwan Mehboob, Air Expert, Climate Expert Ali Tauqir Sheikh, Air Finance Expert Ahsan Kamran Nadia Rehman, CC PC Member, Secretary MoCC & EC (Committee Secretary), Secretary Ministry of Commerce, Secretary MoPDSI & EA Ministry and Additional Secretary (Additional Secretary) EF ) Ministry of Finance.
The Council will propose mainstreaming climate considerations in all government institutions and processes, as well as advancing the development agenda and the Sustainable Development Goals (SDGs).
This includes assessing the effectiveness of existing and proposed institutional mechanisms, including coordination with the National Climate Change Council, SIFC, Climate Change Agency, Climate Change Foundation, National Disaster Risk Management Foundation and key ministries.
In addition, there is a need to review institutional mechanisms and policies for the mobilization of climate finance, including climate funds and innovative financial instruments. It is also important to assess institutional mechanisms and policies for the mobilization of carbon finance.
In addition, it is important to assess the institutional mechanisms and policies to attract private capital from various sources such as Development Finance Institutions (DFIs), Pension Funds, insurance companies, commercial banks, venture capital and private companies. It will also recommend exploring institutional mechanisms and policies to reduce the use of aid and strengthen engagement with multilateral development banks (MDBs) to increase private investment through grants, guarantees and concessional funds.
The council will make recommendations to strengthen climate governance, safe climate and carbon finance and private mobilization to increase exports through the emergence of international regulatory mechanisms such as promoting industrial decarbonization, joining the green value chain and managing carbon limits. In addition, the role of media, academics and research organizations in advocacy and policy formulation needs to be clarified.
