The Overseas Investors Chamber of Commerce and Industry will organize Pakistan Climate Conference (PCC) on November 1. The Pakistan Climate Conference brings together national and international experts to identify and implement efforts needed to promote positive climate actions and reduce climate change impact in Pakistan.
The PCC 2023 will bring together global climate experts, policy makers and corporate decision-makers to share learning’s and best practices to help Pakistan develop necessary policy and climate interventions.
The PCC will also address the mitigating efforts needed to prevent the recurrence of natural disasters such as the devastating floods of 2022. The floods alone caused a significant devastation in the country, affecting at least 33 million people, displacing nearly eight million people, and resulting in 1,700 casualties.
Amir Paracha, President of OICCI, stressed the urgency of tackling climate risks in Pakistan, “In 2022, Pakistan bore the weight of a devastating loss, exceeding $30 billion, brought about by catastrophic floods. The ongoing threat of climate and environmental change poses a dire threat, potentially reducing Pakistan’s GDP by 18-20% by 2050. These stark numbers underscore the urgent need for a proactive approach to develop a national effort to mitigate climate change.”
Andrew Bailey, Managing Committee member of OICCI, highlighted “This year’s conference will build on insights from PCC 2022 and COP 27, to pinpoint the necessary actions to mitigate climate risks in Pakistan, which are also aligning with the COP 28 agenda.”
OICCI member companies have actively worked towards climate action in Pakistan having contributed Rs.1.2 billion in 2022 alone.
