The UK has announced that seven innovative low-carbon projects from across Pakistan will be part of the first cohort of projects for the Climate Finance Accelerator (CFA), Pakistan. The CFA is part of the UK Government’s efforts to help Pakistan in accessing climate finance and meeting the priorities set out in its Nationally Determined Contribution under the Paris Agreement. The UK is committed to assisting innovative and exciting low-carbon projects joining CFA Pakistan and building Pakistan’s climate resilience. This project will implement 150 MW of distributive solar energy plants at multiple commercial and industrial sites in Pakistan. The Climate Finance Accelerator (CFA) is a £10.8 million technical assistance programme funded by International Climate Finance (ICF), through the UK Government’s Department for Business, Energy and Industrial Strategy (BEIS).

Source: Pakistan Today November 03, 2022 02:51 UTC