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ISLAMABAD: Foreign Minister Bilawal Bhutto has said that having an important agreement on climate change is not a victory for one country, but for the whole world.
Pakistan National Party Chairman and Foreign Minister Bilawal Bhutto Zardari said in an interview with a foreign broadcasting organization that the agreement was a victory for the people who have been affected by the ravages of climate change. Regarding financial cooperation, it remains to be seen which arrangement the international financial system will adopt and how it will reach those who have the most influence. In our opinion, the issue of financial assistance is likely to be finalized at the next meeting of the COP, which will be hosted by the United Arab Emirates.
Bilawal Bhutto said many countries in the “G77 plus China” are undoubtedly concerned about the non-fulfilment of past commitments. Therefore, the text of the treaty is important in terms of binding countries to their obligations.
The foreign minister said that not only the developing countries will be affected by the ravages of climate change, but also the developed countries. As the current chair of the “G77 plus China”, we want the negotiations to be implemented.
He said that we have established a “damage and loss” fund and made arrangements to provide financial assistance. We have to work to achieve the respective targets within the stipulated time. Pakistan looks forward to working closely with its partners in the G77 and the UAE.
Foreign Minister Bilawal Bhutto Zardari said that instead of pointing at each other, we should focus on a common struggle for common survival. This is not the first time that the current floods have wreaked havoc in Pakistan, there have been severe heat waves and floods in the past.
Bilawal Bhutto said that if I go to the International Monetary Fund and the World Bank, there should also be a “climate bank” where I can go. I should get a loan from this climate bank at a fair price. I have to get my people back on their feet,” he said. A realistic consensus is needed to end the use of environmentally damaging fuels.