Exp Policy Recommendation
Panel Discussion - 9 Harnessing the Private Sector’s Role in Climate Resilient Development
Moderator: Mr Gregor Stocker-Thamri, Head of Communications, GIZ Pakistan
Speakers:
- Ms Sobiah Becker, Adviser, Pak-German Climate & Energy Partnership, German Development Cooperation, Islamabad
- Dr Vaqar Ahmed, Joint Executive Director, Sustainable Development Policy Institute, Islamabad, Pakistan
- Mr Florian Karner, Senior Policy Officer (Central Asia, Afghanistan and Pakistan), Federal Ministry for Economic Cooperation & Development (Germany)
- Ms Kehkeshan Usman, Chief Sustainability Officer, MG Apparel 5. Dr Khalid Waleed, Research Fellow, Sustainable Development Policy Institute, Islamabad, Pakistan
- Ms Nazish Shekha, Head of Initiative, Centre of Excellence in Responsible Business (CERB), Pakistan Business Council
Key Recommendations:
- It is recommended that private sector companies take a leadership role in climate resilience, integrating climate action into corporate strategies and operations. This is particularly crucial in sectors like agriculture and industry, which are vital for Pakistan's economy, to protect jobs and ensure sustainability.
- Businesses in Pakistan should adopt the 3P framework (People, Planet, Profits) to balance economic growth with environmental sustainability. This includes addressing the industrial greenhouse gas emissions increase, adapting business models for eco-friendly products, and meeting the rising consumer demand for sustainable practices.
- Pakistani industries are advised to commit to reducing greenhouse gas emissions and invest in sustainable technologies, following the lead of countries like Germany. This involves exploring industrial decarbonisation strategies and fostering innovation in clean energy and environmentally friendly production methods.
- The government and private sectors in Pakistan need to collaboratively develop and implement effective carbon market strategies. This requires a holistic approach that encompasses economy, energy, environment, and equitable development, focusing on the multifaceted nature of carbon credits for environmental and economic benefits.