Page 60 - CMA Journal (Nov-Dec 2025)

)RFXV 6HFWLRQ

These systems can be deployed in any setting, offering increase resilience by ensuring that food systems remain
viable green technology by combining environmental robust and income-secure during climatic stress. They
sustainability with measurable productivity also prevent significant food losses caused by
improvements. They are localized solutions that can be contamination or unfavorable conditions.
easily operated by small-scale farmers, cooperatives, and
Local solar systems provide reliable energy during
SMEs. Their simultaneous self-sufficiency in energy
production and consumption makes them well-suited for unpredictable weather, including heat waves and supply
chain disruptions, helping communities and businesses
remote and off-grid locations, contributing to reduced
food waste and decreased reliance on conventional maintain essential processing and storage operations.
Within this context, green innovation serves as a key tool
energy. Specifically, these technologies demonstrate that
renewable energy solutions offer far more than mere linking climate action and resilient development.
power generation—they can drive productivity, Linking Green Technology with Climate Finance
sustainability, and local economic benefits.
Climate finance is one of the most prominent trends in
Economic Rationale for Green Technology Adoption global climate action, attracting increasing attention

from private investors, development finance
Pakistan has an economic rationale beyond carbon
institutions, and international organizations. Projects
mitigation for adopting green technology. Renewable
solutions at firm and sector levels offer tangible with clear and measurable environmental benefits are
particularly appealing.
economic benefits to business and industry. In
agriculture, processing, and manufacturing, energy is a Green technologies that support climate mitigation and
major cost factor, often passed on to consumers through adaptation, such as solar PV and thermal dryers, can
unexplained costs such as load shedding, higher tariffs, become viable investment opportunities, as their
and fuel price fluctuations. Solar-based systems reduce performance metrics, energy savings and emission
these obstacles by providing energy autonomy and more reductions, deliver simultaneous economic benefits.
predictable cost frameworks.
The adoption of these technologies in Pakistan can be
In this context, solar dryers offer higher product quality, accelerated through low-interest green loans, blended
longer shelf life, and value addition. These dryers can be finance schemes, and development grants. Access to
an effective solution since global markets demand finance can be enhanced by aggregating small-scale
high-quality standards alongside environmentally projects into investible portfolios and applying financial
friendly processes. Green technology can enhance engineering solutions.
competitiveness in global trade while alleviating
environmental pressures. These technologies could eventually be classified as
green assets once Pakistan’s green taxonomies advance,
Local energy solutions also reduce strain on the national thereby strengthening investor confidence and
grid and infrastructure, while reliance on imported fuels facilitating the issuance of green bonds.
places significant financial pressure. By utilizing local
energy sources instead of imported fuels, Pakistan can ESG Integration and Corporate Responsibility
stabilize its balance of payments. Overall, green innovation
is closely linked with strengthening the economic base Environmental, Social, and Governance (ESG) consider-
ations are increasingly central to corporate strategy and
and supporting sustainable financial planning.
financial market operations. Green technology adoption
Climate Mitigation, Adaptation, and Resilience provides a practical path to achieving visible and signifi-
cant ESG performance in Pakistan’s corporate sector.
Despite its small share of global emissions, Pakistan faces
severe climate threats, highlighting the need for On the environmental front, emissions are reduced and
mitigation and adaptation strategies. Green technologies resource use is minimized through renewable energy
can simultaneously support water and energy utilities. In adoption. Socially, decentralized green technologies are
agriculture, solar PV and thermal dryers can replace inclusive, reaching rural and peri-urban populations and
fuel-intensive processes, saving valuable energy for other generating employment and livelihoods. From a
productive uses. governance perspective, sustainability actions become
more transparent and verifiable.
These technologies reduce greenhouse gas emissions,
substitute fossil-fueled and inefficient systems, and

ICMA’s Chartered Management Accountant, Nov-Dec 2025