By Ali Imran

ISLAMABAD: The Ministry of Climate Change & Environmental Coordination chaired the 7th Green Climate Fund (GCF) Board-Pakistan meeting, which approved the accreditation of both public and private sector entities for the GCF.
It also endorsed mitigation and adaptation projects totaling approximately $200 million for GCF financing.
Developing countries face the dual challenge of investing in development and addressing climate mitigation and adaptation while dealing with the costs of loss and damage.
The GCF is a fund under the UNFCCC framework designed to assist developing countries in their climate change adaptation and mitigation efforts, as explained by the Ministry of Climate Change & Environmental Coordination’s media spokesperson.
During the 7th GCF Board-Pakistan meeting held on November 7, relevant provincial departments, accredited entities, and commercial banks presented 11 projects and programmes aligned with national priorities related to forestry, wildlife, health, energy, and green export sectors.
Out of these, the GCF Board endorsed five projects totaling approximately $200 million, according to a press release issued by the ministry. –Agencies