As part of the ongoing in-country consultations for the Pakistan Climate Prosperity Plan (CPP), the CVF-V20 delegation held a high-level roundtable with the Planning and Development Department (P&DD) of the Province of Khyber Pakhtunkhwa (KP) on October 9 in Peshawar. The session brought together key provincial departments, including forestry, environment, wildlife, transport, energy, and infrastructure, to align KP’s climate priorities with the CPP framework and explore financing pathways for sustainable development.

The discussions centered on forestry, renewable energy, carbon credit generation, glacier monitoring, and nature-based infrastructure, with a strong focus on making provincial projects bankable and investor-ready. The P&DD emphasized the importance of strengthening carbon credit frameworks and project feasibility standards, drawing lessons from CVF-V20 international precedents such as those in Ghana and Sri Lanka. Officials also highlighted ongoing work on Chilghoza pine forestry, wildlife conservation, and renewable energy expansion, noting the potential for these initiatives to attract green investment and support local livelihoods

Participants emphasized the need to establish Special Purpose Vehicles (SPVs) and explore provincial debt-swap mechanisms to leverage public and private financing for climate projects. Departments also identified capacity-building needs for carbon certification, insurance coverage for climate-sensitive sectors, and digital systems to monitor glacier and ecosystem changes.

The CVF-V20 delegation, including Pakistan Climate Prosperity Plan (CPP) Lead Anam Rathor and Project Lead Muhammad Haseeb Khan, reaffirmed their support in aligning KP’s initiatives with the CPP’s investment structure, including guidance on carbon finance models, investor engagement, and template-based project preparation. It was agreed that the province would refine its priority projects for inclusion in the CPP investment pipeline and participate in upcoming investor dialogues.

The consultations concluded with a shared commitment to advance KP’s climate agenda by linking its rich natural capital with innovative financing and investment solutions, ensuring that the province continues to play a leading role in Pakistan’s journey toward climate prosperity.