Islamabad, Feb 10: The Ministry of Climate Change and Environmental Coordination has established a high-level committee to review the draft rules for carbon market trading in Pakistan. The 24-member committee is chaired by the Joint Secretary (Climate Finance) from the Ministry of Climate Change and includes representatives from various federal ministries, provincial planning departments, financial institutions, and private sector experts.
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Notable members include:
- Joint Secretary, Trade Policy, Ministry of Commerce
- Jawad Rabbani, Deputy Chief (Environment and Climate Change), Ministry of Planning and Development
- Sana Rasool, Carbon Market Specialist
- Shah Jahan Mirza, Managing Director of the Private Power and Infrastructure Board (PPIB)
- Saadullah Ayaz, Member Mitigation, Climate Change Authority
- Hiz Jamali, Senior Climate Change Officer at the Asian Development Bank (ADB)
Additionally, the committee includes experts from organizations such as the World Bank, UNEP, and the private sector, including Ahya CEO Salaal Hassan and Principal Resources Future’s Khurram Lalani.
The committee’s main role is to evaluate and improve the proposed carbon trading policy framework. By including stakeholders from provincial governments, including representatives from Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan, Azad Jammu and Kashmir, and Gilgit-Baltistan, the committee aims to ensure that regional priorities and concerns are incorporated into the policy.
After reviewing and refining the draft rules, the committee will submit the final policy to the Prime Minister for approval. This initiative is part of Pakistan’s broader strategy to develop a structured carbon trading system aimed at reducing emissions and attracting climate finance investments to support sustainable development.
