Pakistan suffered climate-induced losses worth $29bn in past three decades: World Bank
Pakistan suffered climate-induced losses worth $29bn in past three decades: World Bank
A report by the World Bank estimates that Pakistan lost $29 billion over the last three decades due to climate-related disasters.
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Tens of millions of Pakistanis have been displaced by devastating climate disasters over the past few decades [Getty]
Ìý¾±²ÔÌýÌýhave resulted inÌýeconomic losses of $29 billion over the past thirty years, according to a report by the World Bank.Ìý
The report, which was released last week, stated that Pakistan is exceptionally vulnerable to compared to many other countries.
"Pakistan's climate has been changing over recent decades and the country faces rates of warming that are considerably above the global average," the report stated.Ìý
It also saidÌýclimate change poses an especially serious risk to the country's agricultural sector.Ìý
Between 1992 and 2002, for example, droughts in the southern Sindh and Balochistan provinces killed two million livestock, and required emergency services to provide food and safe drinking water to the farming communities living there, according to local news outletÌý.
Even small changes in the country’s precipitation patterns could have a widespread effect on the country’s water resources, according to the report, putting pressure on its agricultural sector.Ìý
These vulnerabilities to climate change, in addition to other external factors such as poor resource and talent management, are holding the country back, the report said.
Pakistan suffered devastating floods earlier this year thatÌýkilled more than 1,700 people and displaced millions more.
The floodwaters left one-third of theÌýcountry submerged and reportedly cost the country . It also lost around 45 percent of its agricultural output.
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