Victory for Shell in Climate Case Appeal Against Dutch Court
Shell won its appeal against a landmark climate ruling in the Netherlands, which in 2021 ordered the oil and gas company to sharply reduce greenhouse gas emissions.
Adil Aziz
LUMS collaborates with Lahore Biennale to drive climate awareness
Amidst escalating environmental challenges in Pakistan, including record air pollution levels, LUMS has collaborated with the Lahore Biennale’s Climate Congress to hold a series of sessions at the University from November 6-8, 2024.
Mehfooz
ADB approves $500 Million loan for Climate and Disaster Resilience in Pakistan
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support climate change and disaster risk reduction and resilience in Pakistan.
NACAG Pakistan: Grant agreement signing to support implementation of tertiary N2O abatement technology in Pakistan nitric acid industry
On Thursday, 24th October 2024, the Ministry of Climate Change and Environmental Coordination signed the Nitric Acid Climate Action Group (NACAG) Statement of Undertaking (SoU), committing to reduce N2O emissions in the country’s nitric acid industry.
Editor
Mobilink Bank introduces climate Shock insurance
Mobilink Bank, has introduced Climate Shock Insurance to protect small and medium-scale farmers and livestock owners from the escalating risks of climate change. Under the initiative, the Bank provides financial security by covering losses to crops and livestock resulting from unpredictable climate catastrophes, enabling farmers to maintain their livelihoods amid growing weather volatility.
OICCI highlights private sector’s role in mitigating climate change
The OICCI Climate Report also discusses how corporations can integrate climate actions into their business operations by adopting sustainable supply chain management, adhering to ESG criteria, promoting investment in carbon markets, and fostering public-private partnerships for green development. The report highlights initiatives by OICCI members in these areas. The Overseas Investors Chamber of Commerce and…
Mobilink Bank champions sustainability-driven leadership with ESG training
Pakistan’s leading digital microfinance bank, Mobilink Bank, has taken a leap forward in solidifying its position as a frontrunner in sustainable banking practices. The Bank announced the successful completion of an external training program on Environmental, Social, and Governance (ESG) practices explicitly designed for its leadership team. This in-depth training initiative equipped the Bank’s top decision-makers with the knowledge and skills necessary to integrate ESG principles into the core of their operations.
SECP Publishes Report Crop and Livestock Insurance in Pakistan
Despite the global prominence of agriculture insurance in over 100 countries, Pakistan’s agricultural insurance landscape remains underdeveloped, accounting for only 2% of the total non-life sector premiums. At present, government-led insurance schemes cover approximately 14% of farmers, necessitating substantial expansion and enhancement. The report provides a detailed review of existing government-led agricultural insurance schemes such as the Crop Loan Insurance Scheme, the Livestock Insurance for Borrowers, and the Punjab Fasal Beema Scheme. It also discusses several pilot initiatives by the private sector.
Pakistan committed to promote green investment: Aurangzeb
Highlighting Pakistan’s vulnerability to the diverse effects of climate change, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb emphasized his country’s commitment to addressing climate change and promoting green investment opportunities.
Energy Summit: Insurance promotes investment in energy sector
Experts highlighted the critical importance of insurance for the sustainable development of multiple energy resources, including power, oil, and gas, aimed at promoting investment opportunities, innovations, and efficiencies within the sector in Pakistan.