Prime Minister Shehbaz Sharif highlighted on Wednesday that financial pledges made at the previous two United Nations’ annual climate summits — COP27 and COP28 — were yet to materialise.

He made the remarks during the 29th United Nations Climate Change Conference, also known as COP29, that is being held in Azerbaijan’s capital of Baku. The premier presented Pakistan’s case on the second and final day of the World Leaders Climate Action Summit.

Pakistan is ranked among the top 10 most climate-vulnerable countries, according to the Global Climate Risk Index. It has faced increasingly frequent and severe weather events, such as unprecedented floods, intense monsoon rains, devastating heat waves, rapid glacial melting and glacial lake outburst floods.

Addressing the summit, PM Shehbaz asserted that COP29 should “make this understanding loud and clear that we will have to fulfil those financial pledges” committed at COP27 and COP28.

“And yet, I think, those huge financial commitments have to be materialised.”

The prime minister said the event was aimed at understanding the “calamities which, unfortunately, some of the countries have already faced and some will if we do not act”.

At COP27 in 2022, which was also attended by PM Shehbaz, countries had adopted a hard-fought final agreement to set up a “loss and damage fund” to help poor countries battered by climate disasters.

At COP28 last year, then-caretaker premier Anwaarul Haq Kakar had called for immediately executing the $100 billion in commitments for climate finance.

According to the UN, around $700 million have been pledged so far for the loss and damage fund, with France, Italy, Germany and the UAE being the biggest contributors.

At COP29 today, PM Shehbaz also spoke about the devastating monsoon floods of 2022, highlighting they had resulted in 1,700 deaths, massive displacement, destruction of houses and crops, and $30 billion loss to the country’s economy.

He called on the international community “to take measures which are so important at this point in time to have a conducive environment” to combat climate change.

The prime minister stressed that Pakistan was one of the countries that “hardly contribute” to global emissions, yet it was vulnerable to climate change and listed as one of the “10 countries which can, God forbid, face this kind of devastation again”.

“My memories are still fresh,” he said, recalling a meeting with flood affectees in Balochistan, including a boy named Ikramullah who had “lost everything”.

“His entire village was erased from the face of the earth, his home was completely demolished, and his school was also submerged. And we had arranged his education [in] another part of Pakistan,” he said.

PM Shehbaz stated he would not want “other countries to face the plight Pakistan faced back in 2022”.

Describing Pakistan as a “resilient, hard-working and responsible nation”, the premier affirmed his country was “fully committed to being part of the global climate solutions”.

Concluding his speech, the prime minister expressed the hope that under Azerbaijan’s leadership, COP29 can transform into a “finance COP by restoring confidence in the pledging process and scaling up climate finance”.

“I strongly feel that climate finance must be grant-based and not add to the debt burden of vulnerable developing countries,” he said, reiterating his remarks from yesterday on the sidelines of the summit.

“Two years ago, I warned, and I warned at the top of my voice, that the future would never forgive our inaction. Today, I echo the same warning with greater urgency,” PM Shehbaz asserted.

‘We shouldn’t brave impact of emissions by others’

Referring to the 2015 Paris Agreement, PM Shehbaz said: “Ten years ago in Paris, we had failed to stop the rise in emissions and catastrophic global warming, and those pledges in Paris 10 years ago, which were made have yet to see the light of the day.”

“As the minus-one emitters, we should not brave the impact of emissions realised by others without even the tools to finance resilience,” he emphasised.

“Without climate justice, there can be no real resilience,” the prime minister asserted.

The premier further said Pakistan would “go through a renewable energy revolution”, noting that the country last year presented a “comprehensive National Adaptation Plan”.

He continued: “This year, we have developed our National Carbon Market Framework. But we cannot do it alone. Pakistan needs international support to deliver on its climate ambitions.”

“My government has taken concrete actions to deliver on its commitment of producing 60 per cent of all energy from green sources and shifting 30pc of our vehicles to EVs (electric vehicles) by the end of this decade,” he told the summit.

PM Shehbaz stated that developing countries would need an estimated $6.2 trillion by 2030 to implement less than half of their current Nationally Determined Contributions (NDCs).

“The same goes for adaption and loss and damage,” he added, recalling the efforts at COP27 led by then-climate change minister Sherry Rehman.

Early warning systems for all

Addressing the COP29 summit, Deputy Prime Minister Ishaq Dar highlighted the utility of early warning systems for climate-induced disasters and extended his gratitude to UN Secretary-General Antonio Guterres for launching the ‘Early Warning for All’ initiative.

“Today, the threat is not limited to floods, we are facing rising temperatures, more intense and frequent heatwaves, and erratic rainfall patterns,” Dar said. “Early warning systems for various climate-induced hazards including floods, glacial lake outbursts, droughts and extreme heat are essential for resilience, not just for Pakistan but for all vulnerable nations worldwide,” he added.

The deputy PM thanked the UN Secretary-General for the early warning initiative, which “aims to protect every person on earth with an early warning system by 2027”.

Dar added that the threat of extreme heat emphasises the necessity of multi-hazard early warning systems, which he said were “critical to saving lives and supporting sustainable development in the face of climate adversity”.

“Despite our limited resources, Pakistan is committed to climate action and has set very ambitious goals,” the deputy PM said. “Our pledge to reduce projected greenhouse gas emissions by 50pc by 2030 comprises a 15pc reduction through national efforts and an additional 35pc contingent on international support.”

Dar named the Green Pakistan Project, an “electric vehicle policy”, a large-scale project to rehabilitate mangroves and implement Bus Rapid Transit (BRT) mass transit systems in Pakistan’s major cities.

“These efforts aim to fulfil our nationally determined contributions and to balance our global mitigation role with local adaptation needs,” Dar said. “However, we must acknowledge that national efforts alone are insufficient.”

The deputy PM highlighted that accessible climate finance is essential for Pakistan to meet these targets. “We urgently call on developed nations to honour their $100bn climate finance annual pledge and establish a new collective quantitative goal that reflects today’s needs with funding reaching the trillions,” he stated.

He added that this funding must be “accessible, grant-based and reflective of the historical responsibilities of industrialised nations”, adding that the burden “cannot rest solely on developing countries”.

“While Pakistan is ready to do its part, we look to the international community for support, particularly in accessing climate finance for early warning systems and climate resilience projects,” he said. “We need mechanisms that ensure easy, direct access to funds that can bolster national programmes rather than piloting isolated projects.”

Dar reiterated Pakistan’s commitment to “being part of the solution” to the shared climate crisis and stressed that through shared partnerships and support from global allies, “we can bridge the early warning gap, enhance resilience and build a safer, more sustainable future for generations to come”.

‘Debt cannot be new normal’

Speaking at a Pakistan-organised conference at COP29 yesterday, PM Shehbaz had said debt cannot become the “acceptable new normal” in climate financing.

He had explained that finan­c­ing in the form of loans pushes developing nations towards “mounting debt traps”, which he ref­erred to as “death traps”.

Speaking at Glaciers 2025: Actions for Glaciers, the prime minister had also linked humanity’s survival with the health of glaciers, saying Pakistan was ready to work with the world on the matter.

PM Shehbaz also met with various world leaders on the sidelines of the summit, including UAE President Sheikh Moha­m­med bin Zayed Al Nahyan, UK PM Sir Keir Starmer and Turkish President Recep Tayyip Erdogan, as well as those from South and Central Asia.

Dozens of world leaders convened in Azerbaijan for COP29 but many big names skipped the UN climate talks where the impact of Donald Trump’s election victory was keenly felt.

US President Joe Biden, China’s President Xi Jinping, India’s PM Narendra Modi and France’s President Emmanuel Macron were among the G20 leaders missing the event.

Pakistan witnessed devastating floods during the 2022 monsoon season, induced by climate change, resulting in the loss of at least 1,700 lives.

With 33m people affected and swathes of agricultural land washed away, the damage incurred losses worth $30bn, according to government estimates.

In June 2024, a heat wave brought record-high temperatures, severely impacting public health and agriculture.

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Microsoft Gaming CEO Phil Spencer speaking with Bloomberg said Xbox won't rule out releasing any game on other platforms like PlayStation and Nintendo.

"I do not see sort of red lines in our portfolio that say 'thou must not,'" said Spencer. He added it is too early to make a decision on the next version of Halo.

Spencer did say he was pleased with the sales of the first wave of Xbox games that released on other platforms.

Xbox announced in February it would be releasing four its game on other platforms like the PlayStation 5 and Nintendo Switch. The four games were Pentiment, Hi-Fi Rush, Grounded, and Sea of Thieves. Pentiment and Grounded released for the PS5, PS4, and Switch, while Hi-Fi Rush and Sea of Thieves released for the PS5.

A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.

Full Article - https://www.vgchartz.com/article/463055/phil-spencer-xbox-wont-rule-out-any-games-for-playstation-or-nintendo/

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

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Shivarajkumar, who will next be seen in ‘Bhairathi Ranagal’, said that the makers of Vijay’s ‘Thalapathy 69’ has approached him with an interesting character

West was a star of the stage and the screen and died in his sleep, his children have announced

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The new addition to Blackstone's largest Florida-based portfolio company comes months after the tech company named a new CEO.

Good morning, Bay Area. Prepare for more rain Wednesday as a cold front pushes across California's north coast. And if you are flying, expect more confusion over the name of the airport that resides in Oakland. A federal judge granted an injunction to stop Oakland's airport from calling itself the San Francisco Bay Oakland International Airport, a move that rankled San Francisco International airport, who sued claiming the name change would cause confusion. Mark Calvey has more. In stock news, Instacart…

<p>On 21 October 2024, Brazilian pharmaceutical&nbsp;giant&nbsp;EMS proposed a partnership with competitor Hypera Pharma,&nbsp;setting&nbsp;a course&nbsp;to become&nbsp;Brazil’s&nbsp;largest drug manufacturer.</p>

Actor and director John Krasinski was named People magazine's 'sexiest man alive', for 2024 on Wednesday (Nov 13), taking over the mantle from Grey's Anatomy actor Patrick Dempsey. "Just immediate blackout, actually. Zero thoughts," Krasinski told People in reaction to the news. The actor is perhaps best known for his sardonic nice guy role in the television comedy The Office. "Other than maybe I'm being punked. That's not how I wake up, thinking, 'Is this the day that I'll be asked to be Sexiest Man Alive?' And yet it was the day you guys did it. You guys have really raised the bar for me," he added. Krasinski, 45, said that out of all of the opportunities he's had as an actor, being a real-life family man is most rewarding. He prefers being a husband and father who happily lives in Brooklyn with his wife of 14 years, actress Emily Blunt, 41, and their daughters Hazel, 10, and Violet, 8. The actor was especially excited to tell Blunt the news, saying "there was a lot of joy involved in me telling her." However, he noted that the new title will change things very little around the house.

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COLOMBO — Chanu Nimesha is contesting Sri Lanka's parliamentary election on Thursday (Nov 14) as the first openly transgender candidate, hoping to forge a more inclusive and tolerant political culture on the South Asian island. Transgender people are estimated to make up about one per cent of Sri Lanka's 22 million people, according to Equal Ground, a local civil society group. They frequently face social rejection, lack legal protection and have almost no representation in political parties. Nimesha, who is contesting from Kegalle — about 80km east of Colombo — said she was the first transgender person to run for a seat in the 225-strong parliament and that her message of social justice had been well received. "I'm not concerned about winning or losing," she said, sitting in her one-bedroom flat. "But it is important for me to be present in this space, to be seen, to inspire others like me. I want to help everyone, not just my community."

Immigrant rights lawyers are preparing to fight back against Donald Trump’s plans to carry out the largest mass deportation in U.S. history once he takes office again in January. The president-elect has already named some leading anti-immigration figures for his incoming administration who will lead the plan, including former ICE head Tom Homan and his longtime aide Stephen Miller. Trump’s picks were central in family separations, the Muslim ban, attacks on Deferred Action for Childhood Arrivals, or DACA, and other anti-immigrant policies during the first Trump administration. Trump is also reportedly planning to greatly expand immigrant detention in private for-profit prisons, and during the campaign he spoke of invoking the Alien Enemies Act of 1798 to speed up deportations. “We have been preparing nearly a year for this,” says attorney Lee Gelernt, deputy director of the ACLU Immigrants’ Rights Project, who argued some of the most high-profile immigration cases during the first Trump administration. He stresses that while groups like the ACLU will challenge the Trump administration in the courts, “it needs to be a national effort” to prevent abuses. “We are not opposed to basic immigration reform, but this cannot be a situation where we’re just going after immigrants left and right.”

Причудливое сочетание советского и постсоветского в Москве 1990–х годов.

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Футуристично выглядящий киоск.

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Indian-American Kamala Harris, who scripted history by winning a Senate seat, has said she would open a battlefront against President-elect Donald Trump's anti-immigration policies

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With per-placement orders catapulted up by 25-30 pct, 2016 has been a year of opportunities for IIT’s when compared to last year. But, in spite of the rise in placements

Noida-based startup Boltt Sports Technologies will soon introduce fitness wearables, connected solutions and a fitness kit that will include smart shoes, smart band and health and training apps, all powered by Artificial Intelligence (AI).

With the aim of enhancing UK’s economy, London is seeking favor from Indian startups and software companies.

The Oil and Coal Energy Market Is Bogus. It’s a Setup, That Is Destroying the Macro Consumer Market.

November 21,...