Pakistan has unveiled its 'Climate Ventures' project, a pioneering initiative supported by the Special Investment Facilitation Council (SIFC), aimed at addressing climate challenges through innovative startup solutions.
The program, valued at $50 million, will provide technical guidance, grants, and equity funding to climate-focused startups. The United Nations' Green Climate Fund has committed $25 million in grant funding to support this endeavor.
The Ministry of Planning has identified the initiative as a crucial development for Pakistan's capital landscape. The British High Commission has endorsed the project, describing it as a milestone in facilitating international climate finance.
The program aims to boost private sector investment in climate solutions across Pakistan. Through SIFC's facilitation, Climate Ventures will establish a framework for supporting entrepreneurial solutions to environmental challenges.
This initiative represents a strategic approach to combining international funding with local expertise to address climate-related issues. The project is designed to create a sustainable ecosystem for climate-tech innovations in Pakistan.
