ISLAMABAD: President Pakistan Businessmen and Intellectuals Forum (PBIF) and former provincial minister Mian Zahid Hussain on Sunday said that western nations were responsible for climate change but they were not ready to accept responsibility.
The poor countries are suffering the most from catastrophic climate change while western nation are busy in blaming China for it, he said.
He said that industrial revolution started in 1760 in west which triggered use of coal while development activities in China has been started a few decades back.
He said that G7 countries are responsible for half of the all emissions since the industrial revolution. Their coal plants are costing the global economy $450 billion a year.
The seven most industrialised nations including US, UK, Japan, Canada, France, Italy and Germany have reduced use of coal by three percent in last six years while China has reduced coal imports by 14 percent in 2014 which has reduced coal price in international market to $60 per tonne.
Most damaging impact of climate change would be in the subcontinent where hundreds of millions depend on water from glaciers. There are 5000 glaciers in Pakistan melting with unusual speed which can result in super floods, compromised agriculture, damaged infrastructure and food insecurity.
He said that melting glaciers would rise the sea level endangering costal populations and infrastructure while oceans would become more acidic.
Bangladesh will lose more than any other country as it is being considered as the most vulnerable country in the world, he said, adding that a recent NASA report has confirmed that first five months of 2015 were hottest in the history which should act as a wakeup call for the policymakers.
He lauded Prime Minister Nawaz Sharif for rejecting proposal to hike price of petroleum products during the holy month of Ramadan terming it as a very positive gesture.