Enviro News Asia, Islamabad — Pakistan and Norway have formalized a bilateral agreement to strengthen cooperation on international carbon trading under Article 6 of the Paris Agreement, marking a significant step in advancing global climate mitigation efforts.
The agreement, facilitated by the Global Green Growth Institute through its Carbon Transaction Facility (CTF), enables collaboration between the Norwegian Ministry of Climate and Environment and Pakistan’s Ministry of Climate Change and Environmental Coordination to implement emission reduction initiatives through carbon market mechanisms.
The partnership operates under the Norwegian Global Emission Reduction Initiative, launched at COP29, which aims to support high-integrity emission reductions in partner countries. Norway has previously signed similar agreements with several nations, including Indonesia, Senegal, and Zambia, under the Norwegian Article 6 Climate Action Fund.
Andreas Bjelland Eriksen stated that the agreement would enable both countries to collaborate on emission reduction programs while generating carbon credits, attracting private investment, and creating green jobs in Pakistan.
Pakistan’s readiness to engage in international carbon markets has been strengthened through the Supporting Preparedness for Article 6 Cooperation, a German-funded initiative under the International Climate Initiative, implemented with support from GGGI and the UNEP Copenhagen Climate Centre.
Musadik Malik described the agreement as a historic milestone, noting that it transitions Pakistan from policy development to practical implementation of carbon trading mechanisms. He emphasized that the agreement creates a credible pathway for international cooperation and investment in the country’s climate priorities.
The agreement will allow Pakistan to generate and transfer high-integrity carbon credits to Norway, with projects expected in sectors such as renewable energy, agriculture, and waste management.
Per Albert Ilsaas highlighted that the partnership marks a new phase in bilateral environmental cooperation and strengthens Pakistan’s position in global carbon markets.
Following the agreement, GGGI will continue supporting the development of mitigation projects and commercial frameworks, including Mitigation Outcome Purchase Agreements (MOPAs), to facilitate future carbon transactions.
The collaboration underscores the growing role of international partnerships in advancing climate action while promoting sustainable economic development through carbon markets. (*)
