Green Climate Fund pledges $15m to Pakistani VC firm Sarmayacar

Green Climate Fund pledges $15m to Pakistani VC firm Sarmayacar

FILE PHOTO: Community leader Sultan Ali, 70, walks over cracks that developed after a Glacial Lake Outburst Flooding (GLOF) swept away part of the land in Hassanabad village, Hunza valley, in the Karakoram mountain range in the Gilgit-Baltistan region of Pakistan, October 9, 2023. REUTERS/Akhtar Soomro/File Photo

The Green Climate Fund (GCF) has committed $15 million to Pakistani venture capital firm Sarmayacar, the venture fund said on Wednesday, so it can help startups tackle the impact of climate change in the country that has been at the forefront of extreme weather.