Norway and Pakistan Strike Landmark Climate Deal Under Paris Agreement

Norway and Pakistan have signed a new climate agreement to cut emissions through international cooperation. The deal allows Norway to buy carbon credits from Pakistan's emissions reductions, helping both countries meet their climate targets. The agreement follows Article 6 of the Paris Agreement, which permits countries to transfer emission cuts across borders. Under the terms, Norway will purchase credits generated by Pakistan's reduced emissions, supporting its own 2030 climate goals. The cuts must be permanent and meet strict environmental standards.

Norway's Climate and Environment Minister, Andreas Bjelland Eriksen, highlighted the deal's broader benefits. He noted that it would encourage private investment in Pakistan and create green jobs. The country is also pushing for a global carbon market through its Initiative for Global Emissions Reductions (NIGU). NIGU works with external partners to design emissions reduction programmes. The Asian Development Bank, the Global Green Growth Institute (GGGI), and the World Bank already operate in Pakistan and have existing agreements with NIGU. After a set period, the emissions reductions may also count toward Pakistan's own climate commitments.

The deal strengthens climate cooperation between Norway and Pakistan. It provides Norway with carbon credits while supporting Pakistan's green economy. The agreement also reinforces efforts to build a global market for emissions reductions.