Policy Brief 24/05/2024
Pakistan is facing increasingly severe climate change challenges, necessitating the development of strong policy instruments to build resilience. This policy brief explores various climate models and their applicability in Pakistan. Among these models, the International Monetary Fund’s Climate Policy Assessment Tool (CPAT) stands out as particularly effective for a climate-resilient environment. The primary sector covered within CPAT comprises energy, industry, oil and gas, and waste management. CPAT facilitates the implementation of measures such as carbon taxation across sectors and integrating emission trading systems into Pakistan’s national climate change policy. The government may encourage its ministry to adopt climate change mitigation strategies and to facilitate the country’s economic development using the CPAT tool.