Year: 2026
Type: article
Abstract: Pakistan is among the most climate-vulnerable countries globally, facing recurrent floods, droughts, heatwaves, and glacial melt despite contributing minimally to global greenhouse gas emissions. Climate finance is therefore critical for supporting adaptation, mitigation, and resilience-building. This study examines the structure, access mechanisms, utilization patterns, and governance challenges of climate finance in Pakistan using a qualitative policy analysis approach based on national frameworks, multilateral fund data, and institutional reports. The findings reveal a substantial gap between climate finance needs and actual inflows, with funding remaining limited, project-based, and heavily donor-dependent. Access to international climate funds is constrained by accreditation requirements, fiduciary standards, and limited technical capacity. Governance fragmentation, weak inter-ministerial coordination, uneven provincial participation, and inadequate monitoring mechanisms further undermine effective utilization. Additionally, adaptation finance remains insufficient relative to Pakistan’s vulnerability profile. The study concludes that Pakistan’s climate finance challenges are systemic and require institutional reform, improved direct access to multilateral funds, stronger federal–provincial coordination, enhanced transparency, and greater mobilization of domestic and private sector resources to support resilient and sustainable development. https://doi.org/10.5281/zenodo.19493606
Institution: University of Agriculture Faisalabad
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W7219987447