Prime Minister Muhammad Shehbaz Sharif attended a high-level roundtable at COP-27 on Monday on Scaling up Action and Support on Losses and Damages – the Global Shield against Climate Risks.
The event was jointly hosted by German Chancellor Olaf Scholz and President of Ghana Nana Akufo-Addo.
The prime minister said vulnerable, developing countries, such as Pakistan, have already witnessed the devastating impacts of climate change, even though those countries have contributed very little to it.
He briefed participants on the situation in flood-hit areas of Pakistan and action by the government for reconstruction and rehabilitation of flood impacted areas.
The premier added that the issue of loss and damage associated with climate change is a top concern for Pakistan, who welcomed its inclusion in the COP27 agenda.
Appreciating the significance of the Global Shield against Climate Risks initiative, Sharif called for renewed international solidarity and co-operation to address the impacts of climate change.
The desired financing facility should serve as the primary vehicle to co-ordinate and mobilise financial resources to address loss and damage in the developing nations.
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