SBP underlines need to create resilience against impacts
of climate change
State Bank of Pakistan (SBP) Governor Jameel Ahmad on
Wednesday emphasized the need for creating required resilience against negative
impacts of climate change to protect humans, agriculture and livestock.
Addressing the Saarc Finance Symposium, the governor
pointed out that Pakistan is among the top 10 countries most affected by
climate change-related disasters despite having less than 1% contribution to
greenhouse gas emissions.
The meeting titled “Climate Change and Green Financing:
Initiatives & Outlook in South Asia” was organised by the SBP and its
attendees included heads of regional central banks, representatives of Asian
Development Bank (ADB) and International Finance Corporation (IFC).
Highlighting the threats posed by climate change to world
economies, the Governor said rising temperature caused by rapid industrialization
was negatively impacting the agricultural output.
He said more than half of South Asia has been affected by the changing weather patterns.