ISLAMABAD: The Sustainable Development Policy Institute (SDPI) and the embassy of Denmark have launched the second phase of the knowledge partnership initiative, “Unlocking the potential of carbon markets in Pakistan.” The launch of the project was announced at a reception of delegates, diplomats and policymakers of Pakistan. Speaking at the inception, Ambassador of Denmark Jakob Linulf said, “This partnership has not only bridged knowledge gaps but has also fostered collaboration between federal and provincial governments, setting a solid foundation for a sustainable carbon market framework in Pakistan.” The ambassador said the commencement of the second phase was building on a strong foundation that had already enhanced Pakistan’s climate policy framework and fostered collaboration across public and private sectors. “Now, we are excited to support the industries and corporates, especially small and medium enterprises in accessing carbon markets, creating new opportunities for green growth and resilience. Together, with Danish and SDPI’s expertise and the spirit of partnership, we aim to empower businesses to contribute to Pakistan’s climate goals while capitalising on economic opportunities that carbon markets present,” the ambassador said. This collaboration marks an important step toward positioning Pakistan as a proactive player in global climate initiatives.