ISLAMABAD: Pakistan’s progress toward establishing a high-integrity carbon market took a significant step forward today as senior government officials and international development partners met to advance the country’s readiness for carbon credit transactions under Article 6 of the Paris Agreement.
The bilateral learning session, convened under the Supporting Preparedness for Article 6 Cooperation (SPAR6C) program, was led by Federal Minister for Climate Change and Environmental Coordination, Senator Dr Musadik Malik.
The discussions focused on finalising benefit-sharing arrangements and transparent fee structures, critical elements for ensuring environmental integrity and investor confidence as Pakistan moves into the operational phase of its carbon market.
The session brought together key stakeholders, including the Global Green Growth Institute (GGGI), the UNEP Copenhagen Climate Centre (UNEP-CCC), and representatives from the Embassy of the Federal Republic of Germany, which funds the SPAR6C program through the International Climate Initiative (IKI).
