KARACHI: Experts discuss opportunities to reduce emissions in urban transport sector have supported provision for carbon financing, a mechanism that not only focuses on reduction of carbon emissions but can also generate additional revenue, besides other environmental, social and sustainable development benefits.
Discussing opportunities with regard to carbon financing in the transport sector during a workshop organised here by the Climate Change Division and the International Union for Conservation of Nature (IUCN), on Friday.
The speakers acknowledged that projects in sustainable urban transportation (including mass transit system) are eligible to generate significant amounts of carbon credits, if designed and executed accordingly.
It was also opined on the occasion that carbon finance was a field with a potential for growth and learning and awareness of the same would result in producing home-grown experts in the future.
Efforts are being made under The PAKSTRAN Project, with the objective to reduce the growth of energy consumption and related greenhouse gas emissions from Pakistan’s transport sector, will simultaneously improve urban environmental conditions and Pakistan’s competitiveness, it was told.
The speakers of the event included Mahmood Akhtar Cheema, Country Representative, IUCN Pakistan. Sajjad Haider Yaldram, Deputy Secretary, Climate Change Division-Pakistan, Fazal Karim Khatri, Component Director, PAKSTRAN from Sindh transport department, Dr Saleem Janjua, National Project Manager, PAKSTRAN and Syed Amjad Hussain, Head, CDM Cell, Climate Change Division.
It was mentioned that PAKSTRAN is supported by Global Environment Facility (GEF) and United Nations Development Programme (UNDP) and holds four components being implemented by the federal government.
Implementation is being carried out in coordination with urban unit, planning and development division; Punjab urban unit planning and development department, Sindh Transport Cell (provincial transport department), federal ministry of communications and IUCN.
Participants of events including representatives from Lahore Transport Company, Sindh Transport Department, Economic Affairs Division, Punjab Metro Bus Authority and others suggested similar events should be put in the pipeline to develop learning of relevant professionals.