Pakistan, China explore green finance partnership to drive sustainable development

ISLAMABAD: Federal Minister for Climate Change and Environmental Coordination Dr Musadik Malik on Monday held talks with Ma Jun to explore avenues for cooperation in green finance and sustainable development.

During the meeting, Ma Jun, president of the Institute of Finance and Sustainability, briefed the minister on China’s Green Accelerator Programme, launched in 2016 with 35 policy recommendations under a unified framework. He noted that China has since built the world’s largest green financing system, valued at approximately $7 trillion.

Highlighting the scale of China’s clean energy ecosystem, Ma Jun said the country produces nearly 70 per cent of global wind and solar energy equipment and around 60 per cent of the world’s electric vehicles.

He explained that the Green Accelerator initiative focuses on developing bankable green projects by integrating technology, finance, carbon markets and project design—ensuring scalable and commercially viable climate solutions.

The discussion also covered practical applications of green technologies across different regions, including biochar production from jute sticks in Bangladesh, precision irrigation systems in Uzbekistan, and desert agriculture initiatives in Abu Dhabi. Both sides emphasised the importance of adapting innovative solutions to local conditions while maintaining financial sustainability.

Dr Malik highlighted Pakistan’s proposed “Green Fields” initiative, aimed at linking young entrepreneurs working on environmentally sustainable ventures with national and international investors to promote green entrepreneurship.

He appreciated China’s leadership in green finance and technology, underscoring the need for stronger international collaboration to advance practical climate solutions. The minister reiterated that Pakistan is keen to benefit from global best practices and partnerships to accelerate its transition toward a sustainable, green economy.