Report Notifies Pakistan of $3b Yearly Loss Due to Climate Change
A joint study by the Asian Development Bank (ADB) and the World Bank (WB) titled Pakistan’s Climate Risk Country Profile found that climate change could face economic losses of up to US$3.8 billion per year for Pakistan. Estimated. Up to 2.5 degrees Celsius could rise over the next 20 years.
The findings placed Pakistan among the countries least at risk in terms of rising average temperatures and the resulting economic and social losses.
The global average for 2080–99 is estimated to be about 3.7°C under the highest emissions estimates.
Moreover, projections “show yield declines for many important food and cash crops, including cotton, wheat, sugarcane, maize and rice,” while increases in the frequency and intensity of extreme climate events It would increase the risk of disasters, especially for vulnerable people: the poor and minority groups.
The study found that cities in the northern regions of Pakistan would be severely affected. “Changes should be seen in the context of the increasing impact of urban heat island effects being driven by urbanization, and should be identified in cities such as Lahore and Peshawar,” the study said. .
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