Pakistan targets to be net zero carbon by 2050. The Net Zero Pakistan program aims at forming a national coalition of pioneering companies, public institutions, and sectoral experts.

This year, 2022, Pakistan had devastating climate related floods which resulted in damage to Pakistan’s cotton crop. How far private industry in Pakistan is willing to commit to the idea of netzero is unknown. About 30 per cent of Pakistan’s textile production capacity for exports has been hampered because of cotton and energy shortages. Pakistan’s textile sector, which exports about 60 per cent of its production, is also facing poor demand in the domestic market due to fragile economic conditions.

As of now Pakistan emits just one per cent of global carbon emissions but faces the risk of being removed from the global supplychain as a result of its carbon footprint. When the whole world moves towards net zero, Pakistan doesn’t want to be left behind in the global supplychain. Cotton crops are being lost as a result of climate devastation.

For Pakistan, the spend is in the range of billions of dollars and now the step is about finding solutions or ideas that can help the country mobilise that kind of capital and avoid future disasters.