DM Monitoring
BAKU, AZERBAIJAN: National Disaster Management Authority (NDMA) Chairman on Thursday called for greater integration of disaster risk financing tools, including sovereign risk pools, public asset insurance, and community-level microinsurance schemes, to better protect against climate-related losses.
Representing Pakistan at the COP-29 summit in Baku, Azerbaijan, Lt. General Inam Haider Malik spoke on the panel titled “Global Climate Finance Mechanism: Assessing Equity and Effectiveness” at the ICESCO Pavilion. He highlighted the critical lessons learned from Pakistan’s devastating 2022 floods, emphasizing the need for scalable and rapid disbursement financing mechanisms.
“Timely access to funds significantly strengthens disaster response and recovery efforts,” Malik stated, advocating for pre-arranged financial instruments like contingency funds and insurance products to bolster financial preparedness.
The session convened global experts to discuss financing solutions critical for effective disaster response and climate resilience.
He stressed that Pakistan’s climate finance strategy for COP-29 focuses on adaptation and resilience. “Our aim is to advocate for financial commitments that extend beyond mitigation, addressing the immediate adaptation needs of vulnerable nations like Pakistan,” he stated.
He also pointed to the need for regional cooperation, suggesting that alliances with neighboring countries facing similar climate risks could amplify Pakistan’s voice in international negotiations for equitable financing access.
The NDMA’s involvement at COP-29 highlights Pakistan’s dedication to tackling climate change and strengthening resilience through international collaboration and support.
Earlier, National Disaster Management Authority (NDMA), Chairman Lt Gen Inam Haider Malik, on Wednesday highlighted the critical role of climate diplomacy in fostering global collaboration and securing resources to tackle disasters caused by climate change.
In his keynote address at the Center for Climate Diplomacy event titled “Strengthening Resilience through Climate Diplomacy in Disaster Management” at the Pakistan Pavilion during COP-29 in Baku, Azerbaijan, the Chairman highlighted NDMA’s dedication to building international partnerships and advancing initiatives that enhance both national and global resilience frameworks.
His remarks highlighted Pakistan’s proactive engagement in climate diplomacy as a means to address and mitigate the impacts of climate change on vulnerable communities.
The event spotlighted the vital connection between climate diplomacy and disaster resilience. The Chairman of NDMA emphasized Pakistan’s commitment to collaborative, climate-aware strategies for effective disaster risk reduction and strengthening resilience.
