Paris Agreement | Pakistan

Pakistan and Norway on Wednesday signed the former’s first-ever carbon market deal under the Paris Agreement, according to an official press release. According to the press release, “Pakistan and Norway on Wednesday signed the country’s first landmark bilateral agreement under Article 6.2 of the Paris Agreement, opening the door to international carbon trading, climate finance and major investment in clean energy and climate-smart agriculture.” To tackle climate change and its negative impacts, world leaders at the UN Climate Change Conference (COP21) signed the Paris Agreement on December 12, 2015, according to the United Nations. The agreement included commitments from all countries to reduce their emissions and work together to adapt to the impacts of climate change, and called on countries to strengthen their commitments over time. The press release issued on Wednesday said that a memorandum of understanding (MoU) signed in Islamabad under the auspices of the Ministry of Climate Change and Environmental C...