Pakistan allocates 8.2% uplift budget for climate change

Pakistan's government has allocated 8.2% of its development budget for climate-related initiatives in the upcoming fiscal year, a significant increase. The budget includes a Rs2.5 per liter carbon levy on petrol, diesel, and furnace oil, rising to Rs5 next year, to fund climate adaptation and green energy programs. The government also implemented a Climate Budget Tagging tool to track climate-sensitive spending. This move reflects a strategic shift towards climate-resilient planning, with substantial funds allocated for adaptation, mitigation, and supporting areas like research and capacity building.