Musadik Malik meets Chinese green finance expert

ISLAMABAD
Federal Minister for Climate Change and Environmental Coordination Dr Musadik Malik on Monday met Ma Jun, President of the Institute of Finance and Sustainability, China, to discuss cooperation in green finance and sustainable development initiatives.
During the meeting, Ma Jun briefed the minister on China’s Green Accelerator Programme, launched in 2016 with 35 policy recommendations under a unified framework. He said China had since developed the world’s largest green financing mechanism, valued at around $7 trillion.
He noted that China currently produces nearly 70 per cent of the world’s wind and solar energy equipment and about 60pc of global electric vehicles, highlighting the scale of its clean energy ecosystem. Ma Jun said the Green Accelerator initiative aimed at developing bankable green projects by integrating technology, finance, carbon markets and project design, enabling scalable and commercially viable climate solutions.
The two sides also discussed practical applications of green technologies in different regions, including biochar production from jute sticks in Bangladesh, precision irrigation systems in China and Uzbekistan, and desert agriculture initiatives in Abu Dhabi. The discussion underscored the need to adapt innovative solutions to local contexts while ensuring financial viability.
Dr Malik briefed the visiting dignitary on the ministry’s proposed “Green Fields” initiative, which aims to connect young entrepreneurs working on green ventures with national and international investors to promote green entrepreneurship in Pakistan.
The minister appreciated China’s leadership in green finance and technology, stressing the importance of international collaboration to advance practical and scalable climate solutions. He said Pakistan was keen to benefit from global best practices and partnerships to accelerate its transition towards a sustainable, green economy. — DNA