Pakistan, Feb. 11 -- Pakistan has made significant strides in leveraging carbon markets as a tool for climate mitigation and economic development. At the 29th United Nations Climate Change Conference (COP29) in Baku, Azerbaijan, the country unveiled its Carbon Market Policy Guidelines, marking a major step toward establishing a robust carbon trading mechanism. With a focus on projects like the Delta Blue Carbon Project (DBC)-the world's largest mangrove restoration initiative-Pakistan is positioning itself as a key player in global carbon credit markets. But what do these developments mean for Pakistan's climate ambitions and economic future?

At COP29, Pakistan emphasized its commitment to reducing greenhouse gas (GHG) emissions by adopt...