Pakistan, Germany discuss carbon market strengthening

Islamabad:Prominent government leaders from Pakistan and Germany met during a high-level bilateral meeting organised at the Ministry of Climate Change and Environmental Coordination (MoCC&EC) and discussed shared goals for strengthening Pakistan’s carbon market rules and regulations, policies, integrity and infrastructure, according to a press release issued from the ministry.

Addressing the meeting held on Tuesday, Secretary MoCC&EC, Aisha Humaera Moariani expressed her hopes that the technical expertise and capacity-building support provided by the German government would help create a robust carbon projects with high environmental integrity that will support NDC implementation and benefit communities. “I look eagerly forward to Pakistan’s first carbon market transaction and signing bilateral agreements with at least two counties for Article 6 cooperation this year as it is a priority for the Ministry of Climate Change to leverage climate financing,” she said.

As a leading global advocate for the scaling up of carbon markets, the German Federal Ministry for Economic Affairs and Climate Action (BMWK) has supported the implementation of Article 6 of the Paris Agreement in Pakistan through the Supporting Preparedness for Article 6 Cooperation (SPAR6C) program. SPAR6C has assisted the Government of Pakistan in the development of carbon market guidelines by providing expertise, capacity building and technical reviews. The program is led by the Global Green Growth Institute (GGGI), with implementation in Pakistan led by UNEP Copenhagen Climate Centre and supported by GFA Consulting Group.

Also in attendance was His Excellency, German Ambassador to Pakistan, Alfred Grannas. BMWK was represented by SPAR6C program focal points Ms. Malin Ahlberg and Mr. Thomas Forth. SPAR6C was represented by GGGI Global Program Manager, Mr. Marshall Brown and consortium partner leading in Pakistan UNEP Copenhagen Climate Centre, Ms. Xianli Zhu.

“Germany is supporting Pakistan in building a high-integrity carbon market under Article 6, ensuring a strong foundation for market-based climate action. Through the SPAR6C program, we are strengthening institutional capacity, refining regulatory frameworks, and advancing technical expertise to enhance Pakistan’s preparedness for international carbon transactions,” said Mr. Grannas.

Experts from BMWK and the SPAR6C program are visiting Pakistan to undertake a series of strategic and technical discussions increasing the visibility and awareness of opportunities through Article 6 carbon markets and the SPAR6C program in Pakistan.

“This collaboration through the SPAR6C program establishes a strong foundation for attracting investments, scaling-up carbon finance and thus positioning Pakistan to effectively leverage market-based solutions for long-term emissions reductions and sustainable growth,” said Thomas Forth, Senior Expert, BMWK.