PM Shahbaz said at the COP27 summit that Pakistan wants more financial aid, not loans, from the international community.
The international community should provide his country more financial aid rather than loans to build resilient infrastructure, according to Prime Minister Shehbaz Sharif, since the South Asian nation experienced severe economic and human losses as a result of this year’s catastrophic floods.
The premier’s two-day trip to Egypt, where he attended the COP-27 Climate Implementation Summit in Sharm El-Sheikh and participated in a number of activities and bilateral discussions with international leaders, is now over.
In addition, PM Shehbaz co-chaired a high-level roundtable discussion on “Climate Change and the Sustainability of Vulnerable Communities” with the prime minister of Norway. The Crown Prince of Saudi Arabia and Prime Minister Mohammed bin Salman sponsored the “Middle East Green Initiative Summit” in Egypt, and he was present.
The premier claimed in a tweet that he used the flood damage in Pakistan as an example of what climate change can do to a nation during the High-Level Segment of COP27.
He claimed that he called the attention of the world’s leaders to the necessity of closing substantial finance gaps and including loss and damage in the COP27 agenda.
In order to translate commitments into practical results, the prime minister asked the globe to recognise climate change as the world’s most important challenge.
In order to effectively combat the threat of climate change, he claimed that this necessitates a transformative shift in the flow of capabilities, funds, and technology.