“Yes, we want the money but we are not only doing this for the money.”
Minister for Economy and Climate Change, Aiyaz Sayed-Khaiyum stated this while giving his right of reply on the Climate Change Bill 2021 and responding to opposition MPs who had said the bill has been brought just to get more money from the international community.
Sayed-Khaiyum says they have to build roads and sea walls due to the inundation of water and all these cost money.
He says this was not a problem 50 years ago but is a problem now and it will get worse. Sayed-Khaiyum says this is where they have to build resilient infrastructure.
The Minister for Economy adds it is not only about money but creating a sustainable economy that creates jobs in carbon trading in the green environment.
The Climate Change Bill which has been passed deals with carbon trading and according to Sayed-Khaiyum, this is a wonderful opportunity for landowners to gain directly from this.
Sayed-Khaiyum told parliament that they will be having reach out programs with all landowners in the next few months.
He confirms two landowning groups have already agreed to participate in this and they hope to get them the source of revenue which they did not have access to.
