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‘Industry can enhance efficiency by adopting CDM’

ISLAMABAD: Industry can sufficiently enhance the competitiveness of its products in international market by installing clean technologies and adopting Clean Development Mechanism (CDM) practices in their manufacturing processes.

Kamran Lashari, Secretary, Ministry of Environment said this while addressing the workshop on “carbon credits opportunities in renewable energies and waste management sector of Pakistan” organised by Ministry of Environment in collaboration with Islamabad Chamber of Commerce & Industry at Chamber House, Islamabad.

He said Pakistan had significant potential for generating carbon credits from various interventions in renewable energies and waste management sectors while there were tremendous opportunities for national and international investors & industrialists to get huge financial benefits by developing the CDM projects in these sectors.

Lashari said the government was spending sufficient financial resources on promoting CDM processes in the country and has approved 23 CDM projects while more than 90 projects were in the pipeline in different potential sectors. He said expected benefits from these 23 CDM projects in the form of direct foreign investment was $719.39 million and greenhouse gas reduction was 3.83 million tonnes per year. He said we owe it to our generations to make Pakistan a clean country and affirmed to take forward this objective by establishing litter free zones and litter free markets in the country starting from Islamabad. Experts of UNIDO and ENERCON also spoke on the occasion and highlighted their collaboration with Ministry of Environment to inculcate CDM culture in the country. In his opening remarks, Zahid Maqbool, President, Islamabad Chamber of Commerce & Industry (ICCI) assured the Ministry of Environment of Chamber’s full support in promoting CDM practices in private sector. He said a new Industrial Estate was to come up in I-17 Sector in future and asked industrialists to invest sufficiently in emissions reducing technology while setting up new industries in that sector. This would not only improve the quality and competitiveness of their products, it will also increase Pakistan ’s contribution to climate change activities by improving the environment.

He said tapping the potential of carbon trading in different sectors of the economy would also help the industrialists to earn additional revenue and comply with the national & international environmental quality standards in addition to achieving the objectives of corporate social values. He stressed the need of adopting a more proactive approach and developing close contacts and linkages by the government with chambers and other stakeholders for maximum implementation of the CDM projects in the country. staff report

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