&w=1024&resize=1024,0&ssl=1 "Pakistan secures million in climate finance for nature-based solutions | world news")
Pakistan has secured $10 million in climate finance to improve integrated and adaptive water management in the Indus River, with a focus on nature-based solutions to benefit local communities.
According to a statement by the Kathmandu-based International Center for Integrated Mountain Development (ICIMOD), the Adaptation Fund Board on Friday approved financing for a project called Sustainable Action for Ecosystem Restoration in Pakistan (SAFER).
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The Adaptation Fund was established in 2001 to finance specific adaptation projects and programs in developing countries party to the Kyoto Protocol that are particularly vulnerable to the adverse effects of climate change.
The project specifically focuses on interventions in the water, sanitation and hygiene (WASH) sector and targets women, children and youth to build resilience in communities disproportionately affected by climate-induced crises.
The project is expected to be in line with national plans and strategies, including Pakistan's National Adaptation Plan and the country's flagship Living Industries Initiative, which implements nature-based solutions and ecosystem-based adaptation approaches to protect, conserve and restore natural, terrestrial resources , freshwater and ecosystems. Coastal and marine ecosystems in river basins.
SAFER, led by the Ministry of Climate Change and Environmental Coordination, ICIMOD serves as the regional implementing entity. It will introduce original, inclusive approaches to improving integrated and adaptive management of water resources in the Indus River, with a particular focus on nature-based solutions (NbS) and interventions to increase benefits and/or participation. Women, youth and children.
With 90 percent of Pakistan's population and more than three-quarters of its economy located in the Indus Basin, climate-driven changes in river flows will severely impact Pakistan's economy and ecology, threatening hard-won gains in poverty reduction and social inclusion. development
The project will be implemented in Gilgit-Baltistan, Khyber Pakhtunkhwa and Sindh over the next three and a half years and aims, among other things, to establish nature-based, community-based early warning systems in risk-prone areas. Nature-based spring water recharge systems and groundwater recharge facilities and climate-resilient water infrastructure in water-stressed communities.
We are pleased to see this project moving forward, fully in line with the Government of Pakistan's priorities to address climate challenges and strengthen resilience in the face of mounting climate-related disasters, said Romina Khurshid Alam, the Prime Minister's Climate Coordinator. Change and adaptation to the environment.
ICIMOD is an international organization founded in 1983 that aims to make this important Hindu Kush Himalayan (HKH) region greener, more inclusive and climate change resilient. The region stretches 3,500 km across Asia and includes eight countries: Afghanistan, Bangladesh, Bhutan, China, India, Burma, Nepal and Pakistan.
(Only the headline and image of this report may have been modified by Business Standards staff; the rest of the content is automatically generated from a syndicated feed.)
