{"id":30979,"date":"2023-12-13T13:43:30","date_gmt":"2023-12-13T13:43:30","guid":{"rendered":"https:\/\/www.vosa.tv\/eng\/?p=30979"},"modified":"2023-12-13T13:43:30","modified_gmt":"2023-12-13T13:43:30","slug":"oicci-takes-lead-in-shaping-private-sector-climate-action-at-cop28","status":"publish","type":"post","link":"https:\/\/www.vosa.tv\/eng\/archives\/30979","title":{"rendered":"OICCI takes lead in shaping private sector climate action at COP28"},"content":{"rendered":"<p><strong>ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) demonstrated its commitment to driving meaningful climate action at COP28 by hosting a pivotal high-level dialogue in collaboration with the Ministry of Climate Change (MoCC), according to APP.<\/strong><\/p>\n<p>Nestled within the exclusive Blue Zone of the Pakistan pavilion in Expo City Dubai, the dialogue, themed \u2018Decarbonization and the Role of the Private Sector\u2019, tackled pressing issues such as mobilizing private capital for achieving Net Zero carbon emissions, evaluating carbon market efficacy, and fortifying public-private partnerships.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>The distinguished panel comprised experts from various sectors, such as Dr. Karen Olsen, Carbon Market Advisor, United Nations Environment Program (UNEP), Dr. Charles Ehrhart, Global Head Climate Risk, Resilience; Adaptation, Partner, KPMG International, Dr. Anis Nassar, Lead Decarbonization; Circularity, World Economic Forum (WEF), Fiona Duggan, Global Sustainability Senior Manager for Climate Advocacy, Unilever, Lina Osman, Regional Head of Sustainable Finance \u2013 West, Standard Chartered Bank, and Angelo Sartori, Director Regional Engagement, Verra, said a news release received here on Wednesday.<\/p>\n<p>The panel underscored the urgency for businesses to decarbonize supply chains, emphasizing affordable levers such as circularity, efficiency, and renewable power.<\/p>\n<p>It identified OICCI, along with other businesses, as critical platforms for mobilizing multi-sector business coalitions to drive sustainable practices and inform public policies. Amir Paracha, President, of OICCI, highlighted the significance of private sector engagement in achieving Pakistan\u2019s Nationally Determined Contributions (NDCs), stating, \u201cOur dialogue at COP28 was not just a conversation, but a commitment to sustainable practices.<\/p>\n<p>The private sector plays a pivotal role in driving innovation and solutions for a resilient, low-carbon future. OICCI is dedicated to spearheading this effort and supporting Pakistan\u2019s climate goals.\u201d Earlier during the year, furthering its commitment to climate action, OICCI organized its second Pakistan Climate Conference on November 01, where the urgent need to boost financial efforts for the environment took center stage.<\/p>\n<p>Abdul Aleem, CE\/Secretary General, OICCI, said \u201cBy partnering with MOCC at COP28, OICCI reaffirmed its commitment to champion private sector leadership in climate-resilient infrastructure, green energy, and sustainable agriculture.<\/p>\n<p>This commitment,\u201d Abdul Aleem said, \u201cis crucial for Pakistan and will help focus the efforts to mitigating climate disasters and empowering the affected communities.\u201d The OICCI is the collective voice of major foreign investors in Pakistan, with over 200 members, from more than 30 countries. OICCI members contribute over one-third of Pakistan\u2019s total tax revenue and are involved in 14 sectors of the economy.<\/p>\n<p>They facilitate the transfer of technology and skills and employ a significant number of people.<\/p>\n<p>About a third of OICCI member companies are listed on the Pakistan Stock Exchange, and many are associates of Global Fortune 500 companies. OICCI members also engage in corporate social responsibility activities benefiting 46 million persons from underprivileged communities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) demonstrated its commitment to driving meaningful climate action at COP28 by hosting a pivotal high-level dialogue in collaboration with the Ministry of Climate Change (MoCC), according to APP. Nestled within the exclusive Blue Zone of the Pakistan pavilion in Expo City Dubai, the dialogue, themed [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":30980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31,32,1378,37],"tags":[],"class_list":["post-30979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-pakistan","category-us","category-world"],"_links":{"self":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/30979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/comments?post=30979"}],"version-history":[{"count":1,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/30979\/revisions"}],"predecessor-version":[{"id":30981,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/30979\/revisions\/30981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media\/30980"}],"wp:attachment":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media?parent=30979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/categories?post=30979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/tags?post=30979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}