Green industrial roadmap
Pakistan, despite being a tech resource-constraint country, demonstrates its climate commitment by pledging a 15% cut in projected CO2 emissions through domestic resources and up to 35% cut with international support by 2030. Ambitious though, these targets are not impossible to achieve. They constitute comprehensive, economy-wide aspirations with no binding, sector-specific roadmaps, specifically for the country's most CO2-intensive and export-dependent industries like textiles, cement and steel.
This is the most significant gap in county's green industrial journey. The urgency is not just environmental, it is economic. Our major export markets, the EU, which covers 30% of total exports, are tightening climate regulations by implementing Carbon Border Adjustment Mechanism (CBAM), which will levy carbon costs on imports from the year 2026. Therefore, in the absence of clear domestic decarbonisation objectives and support mechanisms, Pakistani exporters risk losing price competitiveness in markets worth billions of dollars. However,........
© The Express Tribune
