The summit closed with its main political outcome, called the Global Mutirão, named after an Indigenous language in Brazil, which translates as “collective efforts.” While the decision calls for tripling adaptation finance and accelerating emissions reductions, developed countries remain unwilling to provide the resources needed to implement these commitments. It failed to reflect roadmaps on fossil fuel phaseout or reversing deforestation that a broad alliance of governments demanded. The outcome also leaned heavily on false ‘solutions.’ These gaps were made even more glaring by the overwhelming presence of corporate lobbyists…
Read MoreYear: 2025
The Aga Khan Foundation and the Embassy of Denmark Sign Agreement to Boost Climate-Resilient Livelihoods in Gilgit-Baltistan and Chitral
Islamabad, 17 December 2025: The Aga Khan Foundation, Pakistan and the Embassy of Denmark in Islamabad today signed an agreement to support climate-resilient agricultural livelihoods for vulnerable mountain communities in Gilgit-Baltistan and Chitral. The initiative aims to strengthen food security and income stability by expanding access to diversified and sustainable agricultural opportunities. It will support the adoption of climate-smart and regenerative farming practices, improve water management systems, and promote locally viable green business models suited to mountain environments. The project will directly benefit approximately 5,890 individuals across Gilgit-Baltistan and Chitral…
Read MoreWorld Bank appreciates Petroleum Division for Successful Resolution of LNG Surplus Issue
Islamabad: December 18,2025 Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, held a meeting today with the World Bank Country Director for Pakistan, Ms. Bolormaa Amgaabazar, to discuss ongoing and future reforms in Pakistan’s energy sector, with a particular focus on gas sector sustainability. During the meeting, Ms. Bolormaa Amgaabazar appreciated the Petroleum Division for successfully resolving the long-standing LNG issue. She noted that resolving the LNG challenge was not an easy task and commended the Minister for personally owning the sustainability of the gas sector. She reaffirmed the World…
Read MoreGovernment Decides to End Net Metering
The federal government has made a final decision to discontinue the net metering system for solar consumers and replace it with a net billing policy. For implementation, NEPRA has formally started working on the new framework. What was Net Metering? Under net metering, if a home or shop had a solar system: This policy encouraged millions of consumers to install solar systems and provided relief worth billions of rupees. Why Did the Government End Net Metering? According to the government and the power sector: New System: What is Net Billing?…
Read MoreSIFC Flags Brownfield Refinery Upgrades as Top Priority
KARACHI: The Special Investment Facilitation Council (SIFC) has placed brownfield refinery upgradation at the top of its agenda to modernise Pakistan’s existing refining infrastructure, assuring refinery management of full support in removing bottlenecks hampering these projects. SIFC officials conveyed the message during a meeting with refinery executives to review the implementation status of ongoing brownfield upgradation projects and associated issues. The council also directed the Petroleum Division to hold a dedicated meeting with refineries on refining policy and upgradation matters on Thursday (today). The meeting will be attended by senior…
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