Reviewing Climate Change Financial Mechanism -- Designing National Green Climate Fund for Pakistan

With climate change appearing on the horizon of financial and economic resource debate, it becomes imperative that new mechanisms that link financial investment with mitigation and adaption for climate change are designed. Climate change traditionally, is a subject for meteorologists, ecologist and marine biologists. When economist and financial experts, start debating climate change, it means that the subject matter now includes costs for factors of production that are linked to and are being affected by climate change. Energy resource, particularly, the fossil fuels are the bases of this discussion due to the links with CO2 emission and other GHG emissions. There is a need for regular financial resource: To cover the abatement costs of pollution; designing renewable energy technologies and markets; climate change mitigation; and climate change adaptation.The debate is now focused on financial instruments for climate change. With global Green Climate Fund (GCF) becoming functional, there is a need to design National Green Climate Funds. This is where the review of experience of established financial institutions will set the guiding lines for new country initiative. Globally, the move is to define institutional processes to utilize a US $100 billion fund by 2020 for climate change mitigation and adaptation