Towards green energy via CPEC

Pakistan’s investment requirements for addressing its climate challenges are enormous, and then some. In its Country Climate and Development Report, the World Bank estimated that Pakistan — one of the world’s top 10 countries most affected by climate change — needs $348 billion to adequately address its climate challenges till 2030. This consists of $152bn (44 per cent) to support adaptation and resilience and $196bn (56pc) for decarbonisation or mitigation. The updated version of the nation’s Nationally Determined Contributions had in 2021 set a cumulative target of an overall 50pc reduction of its projected emissions, with a 15pc reduction using the country’s own resources, and an additional 35pc subject to international financial support.