Pakistan, Feb. 4 -- The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has said the Pakistan's first-ever National Carbon Market Policy, launched in November last year, demonstrates country's commitment to emissions reduction, however, it lags behind regional counterparts in ambition, sectoral coverage, and global integration, potentially limiting its effectiveness in attracting climate finance and investment.
PRGMEA regional chairman Dr. Ayyazuddin, in a statement issued here on Monday, observed the new policy marked a significant step towards integrating carbon trading into its broader climate strategy, suggesting the government to encourage investment in Carbon capture and storage (CCS) and renewable energy...