Federal Minister for Climate Change and Environmental Coordination Dr. Musadik Malik participated in a high-level Leadership Dialogue on the sidelines of the United Nations Environment Assembly (UNEA), focusing on the link between environmental degradation and global financial stability.
The dialogue, titled “The Bottom Line: Why Tackling Environmental Degradation Is Critical to the Future of the Global Financial System,” brought together global leaders, policymakers, financial regulators, and experts. Participants discussed system-wide approaches being adopted by governments to guide private finance towards pathways that strengthen economic and financial stability.
Discussions centered on aligning financial flows with climate action, biodiversity protection, land restoration, pollution reduction, and sustainable waste management, while ensuring long-term economic, social, and environmental resilience.
Speakers highlighted the importance of policy coherence, effective regulatory frameworks, and whole-of-government approaches to create enabling conditions for sustainable finance. The dialogue also emphasized mobilizing private capital to support the transition of high-impact sectors and incorporating environmental risks into financial decision-making.
In his remarks, Dr. Musadik Malik said environmental degradation poses systemic risks to the global financial system and stressed that addressing climate change is a shared global responsibility. He noted that countries most vulnerable to climate impacts, despite contributing the least to global emissions, require greater and more accessible climate finance to build resilience and protect development gains.
The federal minister underscored the need for equitable financial flows, strong international cooperation, and responsible private sector engagement to ensure that sustainability and financial stability reinforce each other. He reaffirmed Pakistan’s commitment to climate-resilient development and to supporting international efforts aimed at aligning finance with environmental sustainability.
