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Greenhouse effect & Pakistan

2018-10-23 19:01:31

Image The planet has been affected in current times with the greenhouse gasses which is detrimental to maintaining life and sustainable environment on earth.Pakistan is a very small contributor in greenhouse effect; Pakistan contributes only 0.2 % greenhouse gases of the whole world. Pakistan is very much aware about it and has taken lead on this issue at the international level. Pakistan is party to the “Kyoto Protocol”, The Kyoto Protocol is a document signed by about 180 countries at Kyoto, Japan, in December 1997. The protocol commits 38 industrialized countries to cut their emissions of greenhouse gases between 2008 to 2012 to levels that are 5.2 per cent below 1990 levels. Pakistan needs to develop a strategy and attract investment to come to Pakistan on this issue. The industries in Pakistan should also be involved; if one actually invests in projects and get carbon credit that is going to be credited on commodity exchange. It is the first environmental commodity of the world and the predictions of the World Bank are that this market is going to be somewhere in the range of 5 to 10 billion dollars a year on exchange on this carbon emission.