Norway and Pakistan Sign New Climate Agreement

"We need more international cooperation to solve the climate crisis. The agreement with Pakistan allows us to work together on measures that reduce emissions in Pakistan, while also contributing to Norway's 2030 climate target should it not be fully achieved through climate cooperation with the European Union. The agreement will also help trigger private investments and create green jobs in Pakistan," says Minister of Climate and Environment Andreas Bjelland Eriksen.

Cutting Emissions

The agreement is made under Article 6 of the Paris Agreement, which allows countries to collaborate on emissions reductions. This is also known as carbon credit trading. The climate credits can help Norway meet its 2030 climate target. The emission reductions must be long-lasting and may, after a few years, be counted toward Pakistan's climate goals.

International Market

Norway is an international driving force for establishing a global carbon market. The Ministry of Climate and Environment leads this work through the Initiative for Global Emission Reductions (NIGU).

NIGU collaborates with external implementing partners to develop programs that reduce emissions. All three partners that NIGU has agreements with-the Asian Development Bank, GGGI, and the World Bank-operate in Pakistan.

You can read more about the work on climate credits here.