At the climate summit held in Belém, Brazil, Pakistan delivered a strong appeal for rapid, grant-based, and predictable financial assistance for highly vulnerable developing countries.
Speaking at a high-level side event titled “Operationalising Loss and Damage: Financing Resilience and Recovery in Vulnerable Countries”, organised by the Ministry of Climate Change & Environmental Coordination and UNICEF, Pakistan’s Secretary Aisha Humera Moriani noted that although the country contributes less than 1 % of global greenhouse gas emissions, it has faced “multi-billion-dollar” losses from catastrophic floods in 2022 and 2025.
The event highlighted how repeated climate disasters are dragging vulnerable economies into debt-distress, since they have to borrow for recovery in the absence of adequate grant funding.
Panelists emphasised that for the global “Loss and Damage” mechanism to make a transformative difference, financing must be new, additional, concessional and accessible, with flexible windows and simpler processes.
Pakistan also stressed that slow-onset events such as glacial melt, desertification, and sea-level rise are not receiving sufficient attention or tailored finance support.
Using the principles of climate justice and the notion of “Common but Differentiated Responsibilities and Respective Capabilities (CBDR-RC)”, Pakistan urged developed countries to move from commitments to tangible disbursement of funds.