Climate change and the carbon emissions trading scheme  Climate change arguably poses one of the most important policy challenges in the years ahead. There is now an emerging consensus that man-made climate change is occurring although its magnitude and ramifications are much debated.
Let me conclude with these words of our Quaid, and I quote “Let us on this day, humbly thank God for his bounty and pray that we might be able to prove that we are worthy of it.” Happy Independence Day! Thank you Pakistan Paindabad  2  BIS central bankers’ speeches