Climate "Loss and Damage": Pakistan Gets Flood Aid Pledges of $10 Billion

Pakistan has received pledges of $10 billion worth of loans and grants to rebuild after devastating floods last year, according to Bloomberg News. The amount pledged exceeds the $8 billion that Pakistan sought at the United Nations Donors Conference that concluded today in Geneva, Switzerland. The massive floods affected 33 million people living on vast swathes of land in rural Sindh and Balochistan. The flood waters killed an estimated 1700 people and  millions of animals. The floods also washed away millions of acres of standing crops, tens of thousands of homes and thousands of kilometers of roads. The total flood damage is estimated at $33 billion in economic losses, and cost of rebuilding is estimated at $16.5 billion. Prime Minister Shahbaz Sharif and U.N. Secretary-General António Guterres attended in-person, while world leaders such as French President Emmanuel Macron and Turkish President Recep Tayyip Erdoğan took part virtually. 

UN Donors Conference For Pakistan Flood Aid in Geneva, Switzerland. Source: Reuters

UN Secretary General  António Guterres has passionately advocated for immediate help for the people in Pakistan affected by the severe floods resulting from climate change.  “We need to be honest about the brutal injustice of loss and damage suffered by developing countries because of climate change,” he told the gathering in Geneva. “If there is any doubt about loss and damage – go to Pakistan. There is loss. There is damage. The devastation of climate change is real.” Mr. Guterres added that people in South Asia are 15 times more likely to die from climate impacts than elsewhere, and his “heart broke” when he saw the devastation left behind from Pakistan’s floods. “No country deserves to endure what happened to Pakistan,” he said. “But it was especially bitter to watch that country’s generous spirit being repaid with a climate disaster of monumental scale.”  

After receiving the pledges, Prime Minister Sharif assured all donors and lenders that "every penny will be used in a transparent fashion. He said his government has prepared a comprehensive “4RF” framework, to strive for “recovery, rehabilitation, reconstruction and resilience”. 

Jeddah-based Islamic Development Bank pledged $4.2 billion accounting for the largest share of the total amount of $10 billion. The World Bank pledged $2 billion, Asian Development Bank $1.5 billion, France $345 million, China $100 million, US $100 million, European Union $93 million, Germany $88 million and Japan $77 million. 

At COP27, the United Nations climate summit, Pakistan led the fight for funding to compensate nations for “loss and damage”. Pakistan had the support of 134 developing nations. Earlier at COP26 in Scotland, discussions were mainly focused on funding "mitigation" and "adaptation", not compensation for "loss and damage".  

Pakistan Pavilion at COP27 Conference in Sharm Al-Sheikh, Egypt

The "loss and damage" agenda item was first proposed by Pakistan during talks at Bonn after the country suffered heavy losses in unprecedented floods that hit a third of the country.  “My country, Pakistan, has seen floods that have left 33 million lives in tatters and have caused loss and damage amounting to 10% of the GDP,” said Ambassador Munir Akram, the 2022 chair of the G77—a group of 134 developing countries, at the opening session of COP27 at Sharm al-Sheikh, Egypt. 

Cumulative CO2 Emissions By Country/Region. Source: The World

Pakistan has contributed only 0.28% of the CO2 emissions but it is among the biggest victims of climate change. The US, Europe, India, China and Japan, the world's biggest polluters, must accept responsibility for the catastrophic floods in Pakistan and climate disasters elsewhere. A direct link of the disaster in Pakistan to climate change has been confirmed by a team of 26 scientists affiliated with World Weather Attribution, a research initiative that specializes in rapid studies of extreme events, according to the New York Times

Top 5 Current Polluters. Source: Our World in Data

Currently, the biggest annual CO2 emitters are China, the US, India and Russia. Pakistan's annual CO2 emissions add up to just 235 million tons. On the other hand, China contributes 11.7 billion tons, the United States 4.5 billion tons, India 2.4 billion tons, Russia 1.6 billion tons and Japan 1.06 billion tons. 

Pakistan's Annual CO2 Emission. Source: Our World in Data

The United States has contributed 399 billion tons (25%) of CO2 emissions, the highest cumulative carbon emissions since the start of the Industrial Revolution in the late 18th century. The 28 countries of the European Union (EU28), including the United Kingdom, come in second with 353 billion tons of CO2 (22%), followed by China with 200 billion tons (12.7%). 

Cumulative CO2 Emissions. Source: Our World in Data

Pakistan's cumulative CO2 contribution in its entire history is just 4.4 billion tons (0.28%). Among Pakistan's neighbors, China's cumulative contribution is 200 billion tons (12.7%),  India's 48 billion tons (3%) and Iran's 17 billion tons (1%).  

Developing Asian Nations' CO2 Emissions. Source: Our World in Data

Pakistan has contributed little to climate change but it has become one of its biggest victims. In the 2015 Paris agreement on climate change, signatories agreed to recognize and “address” the loss and damage caused by those dangerous climate impacts, according to the Washington Post. In 2021, at the major U.N. climate conference in Glasgow, Scotland, negotiators from developing countries tried to establish a formal fund to help the countries like Pakistan most affected by climate disasters. It was blocked by rich countries led by the Biden administration. Pakistan finally succeeded in acceptance of "loss and damage" at COP27 conference in 2022. The UN-sponsored Pakistan Donors Conference in Geneva this year is an important milestone and a good start toward practically helping the victims of climate change in developing nations.   

Load Previous Comments
  • Riaz Haq

    GLOBALink | China donates hybrid rice seeds to flood-hit Pakistani province

    https://english.news.cn/20230602/f06447ac48fd42b4821a839d5a1323db/c...


    Hybrid rice seed donation from China will play a major role in rebuilding the agriculture sector of Pakistan's southwest Balochistan province, which was badly affected by devastating floods last year, a Pakistani official said on Tuesday.

    Addressing the seed donation ceremony, Balochistan's legislative assembly speaker Jan Muhammad Jamali said that the government and people of China extended great help to Pakistan in rehabilitation work after the flood, and through the seed donation, it will help the people who lost all their fortune in the calamity.

    Jamali said 85 percent to 90 percent of Balochistan was affected by the floods last year, and the donated seeds will revive rice plantations in the province, where rice is a major crop.

    Highlighting the friendship between the two countries, Bao Zhong, counselor of political affairs of the Chinese Embassy in Pakistan, said China-Pakistan friendship is deeply embedded in the hearts of the two peoples.

    She said China is willing to encourage enterprises of the two countries to carry out agricultural cooperation under the framework of the China-Pakistan Economic Corridor (CPEC).

    China is ready to share its advanced agricultural development technology and experience with Pakistan to help lift its agricultural development level, the Chinese counselor said.

    "China will as always help Pakistan improve the livelihood of the people of Balochistan province, promote exchanges between sister provinces and cities, and encourage the development of local industries to benefit the local people," she added.

    Zhou Xusheng, director of the international business department of Wuhan Qingfa Hesheng Seed Co. Ltd, which is the donor, said the Chinese company is willing to continue to provide training on hybrid rice cultivation techniques to Pakistani farmers to help increase agricultural output and their income.

    Launched in 2013, CPEC is a corridor linking Pakistan's Gwadar Port with Kashgar in northwest China's Xinjiang Uygur Autonomous Region, which highlights energy, transport, and industrial cooperation.

  • Riaz Haq

    Pakistan aims to export 5 million tonnes of rice amid India ban

    https://www.geo.tv/latest/502787-pakistan-aims-to-export-5-million-...


    The REAP chief was optimistic about Pakistan achieving its goal of 5 million tonnes of rice worth $3 billion in the current fiscal year, which began in July.

    ---------------

    "Pakistan expected a bumper rice crop this year," REAP chief says.
    Country exported 3.7m tonnes rice valued at $2.14b last fiscal year.
    This year, Kewlani says, Pakistan can export 5m tonnes of rice.

    KARACHI: Pakistan's rice exports are projected to rise in the current fiscal year due to the Indian ban on rice exports and the exploration of new markets in Russia and Mexico, the Rice Exporters Association of Pakistan (REAP) said, according to The News.

    REAP Chairman Chela Ram Kewlani said Pakistan exported 3.7 million tonnes of rice valued at $2.14 billion in the previous fiscal year, despite facing various challenges.

    "Despite devastating floods, crop shortage and many other challenges, we exported 3.7 million tonnes amounting to $2.14 billion," he said.

    The REAP chief was optimistic about Pakistan achieving its goal of 5 million tonnes of rice worth $3 billion in the current fiscal year, which began in July.

    "India's ban on rice exports will have significant impacts on global rice trade dynamics. This will give a good opportunity for Pakistan to fill the supply gap and expand its market share in major rice-buying countries."

    India, the world's biggest rice exporter, banned exports of non-basmati rice last month to ensure domestic supplies amid rising food inflation. Kewlani said Pakistan could benefit from higher export volumes and increased revenues as a result of the ban.

    "Overall, the ban may create a favorable trade environment for Pakistan's rice exports." Industry officials said Pakistan's basmati rice prices soared to $500 per tonnes in the international market, up almost $100 from a month ago, as demand surged after the export ban by India.

    Pakistani rice is enjoying a premium for its superior quality and could rise further to $600 per tonnes in the coming months, one trader said. "Pakistan has a golden opportunity to boost its rice exports and earn valuable foreign exchange as India has banned its rice exports due to drought." he said.

    Pakistan is the world's fourth-largest rice exporter after India, Thailand, and Vietnam. Kewlani said Pakistani non-basmati rice, which was selling at $450 per tonnes before the ban, had also jumped to $500 per tonnes as buyers shifted to alternative sources.

    He also said that Russia had registered 15 more Pakistani companies to export rice to the country and 12 more were in the process of registration. "This opportunity will also be beneficial for generation of extra foreign exchange for our country, as Russia is a big and potential market for Pakistani rice."

    Kewlani added that a recent visit by Mexican technical experts had gone well and they were satisfied with the compliance of standard operating procedures by Pakistani rice exporters. He hoped that Mexico would soon lift a ban on Pakistani rice and resume imports.

    He said Pakistan expected a bumper rice crop this year, with an annual output of around 9 million tonnes. "We hope that we can easily achieve our target of 5 million tonnes worth $3 billion this year."

  • Riaz Haq

    In its first official assessment for 2023-24 (May-April), the government of Pakistan is forecasting the country’s wheat production to grow 6% to a record 28 million tonnes, according to a Global Agricultural Information Network report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture.

    https://www.world-grain.com/articles/18730-pakistan-expecting-recor...


    “In recent years, abnormally hot and humid weather near harvest negatively affected output,” FAS Post Islamabad said. “This year, however, the weather was favorable throughout the growing season, resulting in record output. Government policies ensured adequate supply of seeds and other inputs throughout the growing cycle.”


    Punjab, the major wheat-growing province, produced more than 1 million tonnes than last year, reaching 21.2 million tonnes. Production in other provinces — Sindh (3.8 million), Khyber Pakhtunkhwa (1.4 million) and Baluchistan (1.6) — was almost the same as last year.

    The record harvest will help lower the country’s forecasted import needs from 3 million to 2 million tonnes in 2023-24 even as total consumption grows to 30.2 million tonnes from 29.2 million tonnes. Pakistan imported 2.6 million tonnes last marketing year.

    “Domestic demand continues to expand with population growth, and the record crop production will still be insufficient to meet domestic needs,” the FAS said.

    The government has procured about 6 million tonnes of wheat from the domestic market to replenish its strategic reserves, and government stocks as of mid-June were about 10 million tonnes, the FAS said. The government is expected to start releasing wheat to millers in August, which is later than last year. Until then, millers will buy wheat from the open market.

    Prospects for the 2023-24 rice crop remain good, and the production forecast is unchanged. Weather during seeding and transplanting in May through June was optimum in the rice-growing areas. Rainfall was good, which reduced the need for irrigation water. The 9-million-tonne forecast, if realized, will be the second-largest crop ever, slightly less than the record 9.3-million-tonne crop in 2021-22.