BAKU, Nov 20 : Coordinator to the Prime Minister on Climate Change, Romina Khurshid Alam said that the escalating adverse fallouts of climate change including extreme weather events, rising sea levels, and prolonged droughts have underlined the urgent need for climate-vulnerable developing countries to hammer out comprehensive strategies to address loss and damage in vulnerable communities.
However, integrating disaster risk financing into broader loss and damage efforts is a crucial step toward building resilience, ensuring timely response, and supporting long-term recovery, she emphasized while delivering a keynote address at an important event ‘Pakistan and the Global Shield’ held at the Pakistan Pavilion in Baku on the sidelines of COP29 global climate summit held on Wednesday.
“Integrating disaster risk financing into loss and damage efforts represents a proactive approach to managing the escalating costs of climate change. By combining innovative financial tools with inclusive, data-driven strategies, governments, and global partners can mitigate climate risks, support recovery, and foster resilience,” the PM’s climate aide Romina Khurshid Alam told the participants from various countries, UN agencies and nongovernmental organisations. “Collaborative action today will safeguard communities and ecosystems for a more secure and equitable future.”