At the forthcoming CoP28, Pak will seek climate justice, including fulfillment of pledge to provide over $100 biln annually: Anwaar-ul-Haq Kakar

NEW YORK, Sep 20 (SABAH): Caretaker Prime Minister Anwaar-ul-Haq Kakar participated in the SDG Summit Leaders Dialogue on the topic of ‘Mobilizing finance and investments and the means of implementation for SDG achievement’.

The SDG Summit, took place from 18-19 September, marks the half-way point for achieving the 2030 Agenda and the Sustainable Development Goals.

In his remarks, the Prime Minister highlighted that eight years after the adoption of Agenda 2030, only 12% of the SDG targets are on track, with the poly-crises of Covid, Climate and Conflict having devastated the economies of developing countries. This has been further exacerbated by a ‘morally bankrupt’ international financial architecture.

He stressed that at the forthcoming CoP28, Pakistan will seek climate justice, including the fulfillment of the pledge to provide over $100 billion annually in climate finance, allocation of half of this to climate adaptation and the urgent launch of the Fund for “loss and damage”.

Caretaker Prime Minister Anwaar-ul-Haq Kakar welcomed the inclusion of many proposals advanced by Pakistan and other developing countries in the SDG Summit Political Declaration, including endorsement of the Secretary General’s SDG Stimulus, early capitalization of Multilateral Developments Banks, re-channelling of Special Drawing Rights (SDRs) for development, and reform of the international financial architecture. He proposed the creation of a Working Group of the General Assembly to ensure the immediate implementation of these agreements.