The Pakistan-German Climate and Energy Partnership (CEP) facilitated a high-level side event at the Pakistani pavilion at the COP 27 in Egypt on 16 November 2022. The theme of the event was “Tackling Loss and Damages Together”. It was co-chaired by H.E. Ms. Sherry Rehman, Pakistani Federal Minister for Climate Change and H.E. Ms. Svenja Schulze, German Federal Minister for Economic Cooperation and Development (BMZ).
In the light of the devastation brought to Pakistan by the unprecedented floods in 2022, Minister Schulze emphasised the need to find joint solutions at a global scale to be able to tackle loss and damages caused by climate change. The event highlighted the role of Pakistan as one of seven pathfinder countries, that will pioneer in the so called “Global Shield against Climate Risks”. Launched by the G7 and V20 countries, this initiative provides a new approach to enhance financial protection trying to end the fragmentation of climate and disaster risk financing instruments.
Minister Rehman appreciated this German led initiative highlighting that in the absence of a global solution, this initiative also serves as a role model for others to act now.
In summary, Pakistan and Germany committed to a holistic set of joint actions including: (i) an optimised climate and disaster risk assessment and management system; (ii) predictable and reliable access to adequate international funding for climate and disaster risk mitigation and; (iii) a system of adaptive social protection.
Christopher Wenzel — Coordinator
Pakistan-German Climate and Energy Partnership
Climate, Energy, Partnership, Pakistan