Innovative Climate Finance Mechanisms for Financial Institutions in Pakistan: 2nd National Workshop
The 2nd National Workshop on Innovative Climate Finance Mechanisms for Financial Institutions in Pakistan was held in Islamabad on 5 December 2017. The workshop was part of the 20th Sustainable Development Conference organised by the Sustainable Development Policy Institute (SDPI). It was attended by key stakeholders in climate finance, including commercial and cooperative banking professionals, central bank representatives, think tanks, academic institutions, journalists and policymakers. The findings from the Pakistan scoping study were presented, regional perspectives and best practices on governance and regulation were discussed, building on examples from Indonesia and a shared understanding of the country's needs in advancing climate finance was developed. The workshop also included technical sessions on mechanisms and opportunities to mobilise climate finance in domestic circuits. Through interactive groupwork, participants articulated a series of country-specific recommendations highlighting the need for enabling frameworks for investment in low-carbon, sustainable development, preferential lending rates and tax rebates for green financing projects, increased awareness and outreach and capacity building in risk assessment for climate finance initiatives and strengthened regulation from the central bank.