Pakistan Green Transition Funds

Reenergia (REE) and Climate Change Ventures (CCV) announced the launch of the “Pakistan Green Transition Fund (PGTF)”, a project we’ve been diligently working on together. This fund is dedicated to aiding the Government of Pakistan in fulfilling its Nationally Determined Contributions (NDC) under the UNFCCC. With a budget of $100 million, scheduled for launch in 2023-24, we aim to attract investments from both public and private sectors, directing funds towards projects promoting climate-friendly initiatives and reducing greenhouse gas emissions. Our focus is on “shovel-ready” projects, emphasizing renewable energy, methane capture, and transitions in transport and energy sectors. Led by experts like Horácio Carvalho from CCV and Amer Z. Durrani from REE, this partnership is committed to driving innovation and fostering growth in Pakistan’s micro, small, and medium enterprise sector while tackling climate change challenges head-on.