Karachi: Advisor to the Finance Minister, Khurram Schehzad, has emphasized the urgency of bringing climate governance and finance closer to communities who are most vulnerable to climate risks. He was speaking at a high-level panel titled 'Decentralizing Climate Action: Unlocking Local Governments' Role in Climate Finance' held at the Institute of Business Administration in Karachi today.
According to Radio Pakistan, Khurram Schehzad highlighted that true climate resilience is built through implementation, access to finance, and effective delivery at the local level. He pointed out that Pakistan's climate response will soon advance beyond strategy documents to practical, scalable financing mechanisms, enabling households, farmers, and local governments to actively invest in resilience.
Khurram Schehzad's remarks underscore the critical need for decentralizing climate finance, ensuring that funds and resources are accessible at the community level. This approach aims to empower local entities to develop and implement solutions tailored to their specific environmental challenges, fostering a more adaptive and sustainable response to climate change impacts.