Unlocking the Potential of Carbon Markets in Pakistan

Year Published

2024

Contributing Organizations

Sustainable Development Policy Institute (SDPI)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic

Carbon Markets & Carbon Finance

Topic 2

Climate Policy & Policy Engagement

Topic 3

Sectors & Pathways

Target Audience

Banks

Governments & Policymakers

Private Equity

Project Developers

Relevant Geography

Asia & the Pacific

Central Asia

Resource Description

This insight series explores the sustainable Islamic finance landscape, highlighting market gaps, opportunities, and initiatives to unlock ESG-aligned capital. It emphasizes the sector’s potential to support the SDGs and Net Zero targets and the importance of collaboration through platforms like the Green Sukuk Working Group.

Why This Matters

Carbon markets offer Pakistan an opportunity to attract climate finance, meet its NDC targets, and stimulate low-carbon growth. A credible market framework can unlock this potential.

Key Insights

Highlights Pakistan’s mitigation potential in sectors like energy, agriculture, and forestry
Recommends developing a national carbon registry, legal frameworks, and MRV systems
Emphasizes aligning with Article 6 of the Paris Agreement to access international carbon finance
Stresses the need for stakeholder cooperation, capacity building, and pilot programs to build market readiness

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