COP27: Pakistan Leads Push For "Loss and Damage" Compensation at Sharm El-Sheikh

COP27, the United Nations climate summit,  opened in Egypt on Sunday with the addition of negotiations over funding to compensate nations for “loss and damage” as an official agenda item. Pakistan led the push for it with the support of 134 developing nations. Discussions at COP26 in Scotland 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 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. Last year, 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. Formal addition of "loss and damage" item at this year's COP27 conference agenda is a good start. Let's hope that a formal  fund is established by the world's top polluters to compensate Pakistan and other developing nations. 

Views: 678

Comment by Riaz Haq on November 28, 2022 at 4:46pm

The National Assembly Standing Committee on Foreign Affairs was informed that following the UN Flash appeal, Pakistan has received $3.4 billion for flood relief operations and reconstruction.

https://www.brecorder.com/news/40210777/flood-relief-operations-rec...


“The committee was informed that in response to UN Flash appeal, pledges worth $270 million have been made. Of these pledges, $170 million has been converted to firm commitments. On members’ queries regarding cumulative assistance received, it was informed that Pakistan has received $3.4 billion for flood relief operations and reconstruction,” said a press release issued by the office of the chairman of NA Standing Committee on Foreign Affairs.

In the summary presented to the committee, it was told that in response to UN Flash Appeal for USD 816 million, pledges worth USD 304.4 million have been made. Of these pledges, USD 174 million has been converted to firm commitments (donors concluded agreements with UN Agency/INGO for the disbursement of funds).

The international friends/partners have committed financial aid worth USD 277 million (mostly for in-kind relief goods) which are not part of UN Flash Appeal.

It was further informed that the multilateral financial institutions have also allocated funds/loans for the flood relief assistance.

The World Bank has repurposed a loan worth USD 281 while AIIB has offered a USD 500 million loan. ADB has repurposed USD 475 million loans as well as granted a 3 million new funding.

The committee was informed that the total multilateral lending amounts to USD 1259 million.

It was further told that the sum of all pledges under UN Flash Appeal, bilateral and multilateral assistance amounts to USD 1807.4 million.

Pakistan has received 140 planeloads, 13 trainloads and 6 shiploads of relief goods from our international friends and partners like Turkey, China, the USA, KSA, the UAE, Qatar, the EU etc.

Till date, the International Assistance received by NDMA includes 25187 tents, 2205 tarpaulins, 16, 352 blankets, 1493 sleeping mats, nearly 8000 kitchen sets, 54826 food packs and 182 ration, 1030 units of baby food, 31 tons of medicine, 4722 hygiene kits, 87 water pumps and 58 boats.

The panel was told that assistance is also being received from Pakistani citizens and diaspora through various mechanisms such as directly to the PM Flood Relief Fund, to NGOs, relatives, individuals, etc. To date, an amount of 3,925 million Pak Rupees (equivalent to USD 18 million) has been received in the PM Flood Relief Accounts, including PKR 1942 million (8.93 million USD) donations from overseas, according to a summary shared with the panel.

In response to the members’ concerns whether the Flash Appeal was successful in meeting the desired targets, it was observed that the appeal was “mildly successful” against the ambitious target set; however, given the international community’s shift in attention to Ukraine, Flash Appeal was a success.

Comment by Riaz Haq on November 29, 2022 at 7:55am

Chinese medical team concluded 14-day aid in Pakistan

http://en.ce.cn/Insight/202211/29/t20221129_38259156.shtml


GUILIN, Nov. 29 (China Economic Net)-"After the 14-day aid in Pakistan, we are ready to continue giving full play to our professional strengths and enhance exchanges with Pakistan and contribute to the reconstruction of Pakistan’s health system", said Mr. Huang Wenxin, head of China (Guangxi) Medical Expert Team for Aiding Pakistan in Flood Relief.

The team has concluded its work in Pakistan from Oct. 28 to Nov. 11 for post-flood medical treatment and infectious disease prevention
During the trip, the expert team, consisting of experts on gastroenterology, infectious diseases, respiratory medicine, dermatology, general surgery, nursing, monitoring, analysis and prevention of infectious diseases, drinking water sanitation, mosquito vector monitoring and transmission, environmental elimination, and laboratory testing, visited Islamabad, Karachi, and the badly-hit Khaipur District in Sindh Province.

In Gambat Relief Camp, the team donated medical supplies to Khaipur, including antibiotics and antiviral drugs for respiratory tract infections and infectious diarrhea, dermatological topical medication for infection, anti-allergy medicine, anti-diarytic medicine, mosquito repellent medicine, antimalarial medicine, malaria detection kits, protective clothing, medical masks, etc.

Experts in the team together with local doctors provided free medical care to the flood affectees. “We also checked the water source and impact of mosquitoes and flies in the camp, and discussed with the health officials of Heilbul County on how to strengthen health education for the flood victims and promote a healthy lifestyle”, Mr. Huang Wenxin told China Economic Net (CEN).

“I’m deeply impressed by the patients saying thanks to us, the hospitable local doctors, and the full support from local health officials and security personnel”, Mr. Huang Wenxin recalled.

The team also met with Pakistan’s national and local health and disaster management authorities and put forward suggestions on post-disaster medical treatment, sanitation and epidemic prevention. It is suggested that national health campaign, medium- and long-term plans regarding the construction of hydraulic projects, and epidemic surveillance can be carried out to improve urban and rural sanitation, enhance the capacity for flood control, drought resistance, and disaster prevention, and control epidemics effectively.

Comment by Riaz Haq on December 16, 2022 at 7:55am

Analysis: China’s shifting energy investments in Pakistan, from coal to renewables

https://www.thethirdpole.net/en/energy/analysis-chinas-shifting-ene...


China’s energy investments in Pakistan have so far focused on coal and hydropower projects. But several China-backed wind projects are now underway, and Islamabad says it is ready to go big on solar.


Until about a decade ago, the Jhimpir region in Pakistan’s southern province of Sindh was a dry, barren stretch of land, inhabited by nomadic tribes. Today, it is home to hundreds of mammoth rotating blades in about two dozen wind farms.

Around 90 kilometres from Karachi, Jhimpir is the heartland of Pakistan’s largest ‘wind corridor’, which has the potential to produce 11,000 megawatts (MW) of clean energy. Among early investors was the China Three Gorges Corporation, a Chinese state-owned power company, operating under an investment holding company, China Three Gorges South Asia Investment Limited.

The company has funded and built three wind projects with a combined capacity of nearly 150 MW. The first of these began construction in 2012. The latter two projects, completed in 2018, were funded under the China Pakistan Economic Corridor (CPEC), an integral part of Beijing’s flagship multibillion-dollar Belt and Road Initiative (BRI). In an official statement following Pakistan’s prime minister Shehbaz Sharif’s visit to China on 1-2 November 2022, Sharif reaffirmed the importance of CPEC to Pakistan’s development.

For the time being, renewables represent only a small portion of Pakistan’s power generation mix. Of a total of 43,775 MW, installed capacity for wind and solar represent around 4.2% (1,831 MW) and 1.4% (630 MW) respectively, according to the National Electric Power Regulatory Authority’s State of Industry 2022 report. In terms of CPEC, the November 2022 joint statement from China and Pakistan listed oil and gas as among the “priority areas of CPEC cooperation”.

But a recent shift in the direction of Chinese investment may be hugely significant for Pakistan’s energy future, and the climate.

The shift from coal?
In the years before the launch of CPEC in 2015, Pakistan was desperate to end its long, crippling power shortages. The country was keen to develop its untapped indigenous coal in Thar desert, but multilateral financial institutions were not interested. Along came China in 2013, with an offer to lend massive amounts for infrastructure development and coal mining.

Details of the financing deals are a closely guarded secret, but multiple Chinese-funded coal projects followed. Eight completed or under-construction coal projects are listed as part of CPEC, totalling 6,900 MW, which include four on Thar coal.

Then in 2021, after growing pressure on China – currently the world’s biggest polluter – to curb its greenhouse gas emissions, Beijing announced it would not build new coal-fired power plants overseas, and would increase support for low-carbon energy.

In December 2020, Pakistan announced that it would not build any new power projects that depend on imported coal, and pledged that by 2030 60% of its energy will come from clean and renewable sources. The government has since scrapped a number of potential coal projects, including a 300 MW plant at the Chinese-controlled Gwadar sea port in Balochistan. Reportedly, it is to be replaced by a solar plant.

Comment by Riaz Haq on December 16, 2022 at 7:56am

Analysis: China’s shifting energy investments in Pakistan, from coal to renewables

https://www.thethirdpole.net/en/energy/analysis-chinas-shifting-ene...


‘Greening’ CPEC
As Beijing tries to rebrand the BRI as an eco-friendly initiative, Chinese officials have promoted the idea of a ‘green’ CPEC. But Hina Aslam, research fellow at the Sustainable Development Policy Institute (SDPI), a think tank in Islamabad, points out that “in the energy sector, it has meant a greater focus on hydro rather than wind and solar”.

Besides wind energy in Jhimpir, China Three Gorges Corporation is investing heavily in what it is globally known for: hydropower (the company is behind the Three Gorges Dam in China, the world’s biggest power station). In June 2022, it completed a 720 MW project in Karot in northern Pakistan. Work is advancing on a 1,124 MW hydropower plant near Muzaffarabad, and a third 640 MW project has recently been approved in Mahl. The same company is behind both projects.

Put together, China Three Gorges aims to produce 2,500 MW of renewable energy in Pakistan, mostly through hydro. The Pakistan government – like many others – includes hydropower under the umbrella of renewable energy, but this is disputed by many environmentalists due to the often high environmental, social and financial costs of hydropower, including disruption of important riverine ecosystems. In Pakistan, dams are also politically contentious and a source of discord between upstream and downstream provinces. Yet, both Beijing and Islamabad appear keen to pursue hydropower.

But there are huge challenges facing Pakistan’s shift to renewable energy. “A lack of consistency in policy has been the biggest issue,” says Noman Sohail, senior business manager at China Three Gorges South Asia Investment Ltd. “Arranging lenders and finance for renewable projects is not a problem. But it’s disorienting when policies are reversed, tariffs renegotiated and unpaid capacity payments allowed to pile up.”

Growing popularity of solar
There is one form of renewable energy in particular that presents immense potential for Pakistan, but which has seen little investment to date: solar. A World Bank study in 2020 urged Pakistan to urgently expand solar and wind “to at least 30% of electricity generation capacity by 2030, equivalent to around 24,000 MW”. As of 2022, the proportion is 5.6% according to the National Electric Power Regulatory Authority’s State of Industry 2022 report.

Pakistan’s slow take-up of solar energy is evident from the fact that of the 21 energy projects completed or in development under CPEC, only one is solar: the 1,000 MW Quaid-e-Azam Solar Park in Cholistan Desert, Punjab, built by Chinese company Zonergy. This project, promoted as one of the world’s biggest solar parks, was meant to be completed by 2017. But only 40% of this capacity has been implemented so far.

Comment by Riaz Haq on December 16, 2022 at 7:56am

Analysis: China’s shifting energy investments in Pakistan, from coal to renewables

https://www.thethirdpole.net/en/energy/analysis-chinas-shifting-ene...


Suleman Rehman, chief executive of Burj Capital, a Dubai-based investment company focused on renewable energy in Pakistan, says that regardless of the government’s apparent lack of focus, the demand for affordable solar power is growing exponentially. “The competition is getting intense. More and more local players are coming up every month. Installing a 4 MW solar project is no longer a big deal for us,” says Rehman.

According to Rehman, the private sector is not waiting for policymakers to facilitate the energy transition. Those who can are turning to the solar option. That explains the recent proliferation of rooftop photovoltaic panels in big cities, as well as in off-grid villages across the country.

The solar future
Costly fuel imports have already had a crippling effect on Pakistan’s economy. This year, the volatility of global energy prices, exacerbated by Russia’s invasion of Ukraine, took a damaging toll on Pakistan’s foreign exchange reserves. The country was on the verge of a default before the International Monetary Fund agreed to step in to help it stay afloat.

In an attempt to reduce dependence on imported fuel, on 1 September 2022 prime minister Shahbaz Sharif announced the rapid deployment of 10,000 MW of solar power in the country. But details of how this will be achieved, and by when, are sketchy. The plan reportedly involves transitioning all public sector buildings to solar power. The proposal also encourages power plants running on coal, oil and gas to partially shift to solar power.

China will have a crucial role to play if this shift to solar is to happen, says Rehman, though it may come in a different form than the mega-projects seen under CPEC.

“China will still have a big role because they are producing the cheapest [solar] equipment worldwide. But I really hope the government won’t put this under CPEC because that would put local players at a disadvantage,” says Rehman.

Some Chinese companies will still be involved in investment in solar, but most will not be interested in small local projects, he feels. “In my experience, customers are happy for us to import Chinese-manufactured technology or their raw material, but they prefer to have local contractors and engineers to deal with.”

So far, Pakistan’s dependence on imports from China has prevented creation of local supply chains, says Rehman. That, he says, will need to change if the country is serious about exploiting its solar potential. “The government can facilitate this transition by encouraging domestic manufacturing,” argues Rehman.

Comment by Riaz Haq on December 24, 2022 at 4:46pm

Russia’s invasion & Pakistan’s floods defined 2022 in climate

https://www.climatechangenews.com/2022/12/21/russias-invasion-pakis...


After an avalanche of climate pledges last year, 2022 was when governments and corporations started to grapple with implementation


In 2021, governments and corporations got drunk on net zero hype. 2022 was the year when the hangover kicked in and they started to grapple with what their promises meant and whether they were actually prepared to follow through.

Cop26’s slogan of “coal, car, cash and trees” was replaced by Cop27’s sober “together for implementation”. Russia’s invasion of Ukraine sent fossil fuel prices soaring and governments scrambling to secure them in the short term while moving off them in the long term. Many pledges made in Glasgow slipped off the top of governments and CEO to-do lists.

But the changing climate kept making the case for action. With large parts of Pakistan underwater and its people living for months by the side of the road, the case for loss and damage finance for climate victims finally became impossible to ignore. Here’s our run-down of what defined 2022 in the climate world.

Russia’s invasion of Ukraine
On Thursday February 25, Russian troops advanced towards Ukraine’s capital Kyiv. The invasion had huge global implications, particularly for energy. But its immediate impacts were local and personal. The day after the advance on Kyiv began, Climate Home spoke to a climate campaigner stuck in a huge traffic jam as she fled the city, a climate scientist who had to debate the IPCC’s summary for policymakers under rocket fire and a green energy promoter who feared that investment in Ukraine would now disappear.

The war highlighted how dependence on fossil fuels makes you vulnerable. Europe had to scramble to replace Russian gas with renewables and non-Russian gas. The latter sent energy prices around the world soaring and damaged the continent’s credibility as a self-styled climate leader. For the rest of the year, Europe tried not to pull a muscle pursuing a dash for gas at the same time as a renewables marathon. European divisions on whether to back foreign gas were laid bare at the G7 in June.

In September, two pipelines carrying Russian gas exploded in suspicious circumstances. Experts said this highlighted the inherent vulnerability of an energy system which relies on moving large quantities of stuff across the world rather than relying on the sun and wind, which are harder to disrupt.

Fossil fuel crisis
The economic impact of the invasion of Ukraine spread far beyond Europe. Countries like Sri Lanka, which has neglected renewables and relies on imported fossil fuels, were particularly vulnerable to the spike in the oil and gas price.

About month after Russian troops marched towards Kyiv, protesters in Colombo advanced on the presidential palace of Gotobaya Rajapaksa. A few months later, on 9 July, he fled to Singapore, although his disciple Ranil Wickremesinghe remains in charge.

Analysts told Climate Home that reliance on fossil fuel imports had contributed to the crisis. But that neither the government nor ordinary citizens have the money to invest in renewables and fix the problem. So Sri Lankans face power cuts, tourists stay away and the country struggles even more for foreign currency.

Loss and damage breakthrough
This year saw huge advances on the issue of loss and damage, which is UN climatespeak for funding for victims of climate change. Developing countries have been pushing for a loss and damage fund for decades – to firm opposition from rich polluters.

The issue was not even on the agenda at Cop26 last year or at the annual Bonn interim climate talks in June. But the Egyptian presidency backed its inclusion at Cop27. It became the main issue for climate campaigners and the global press.

Comment by Riaz Haq on January 6, 2023 at 7:35am

Support for Pakistan has ebbed away – yet its deadly floodwaters have not
By Muhammad Shehbaz Sharif

https://www.theguardian.com/commentisfree/2023/jan/06/pakistan-floo...

Climate disasters continue to ravage our country – more international aid is urgently needed to save millions from misery

The apocalyptic rains and floods that hit Pakistan last summer claimed 1,700 lives, left a swathe of territory the size of Switzerland under water and affected 33 million people – more people than live in most European countries.

International attention has receded, but the waters have not. Large parts of Sindh and Balochistan provinces remain inundated. The number of food-insecure people in Pakistan has doubled to 14 million; another 9 million have been pushed into extreme poverty. These flooded areas now look like a huge series of permanent lakes, transforming forever the terrain and the lives of people living there. No amount of pumps can remove this water in less than a year; and by July 2023, the worry is that these areas may flood again.

Pakistan is suffering not just from flooding but from recurring climate extremes – earlier in spring 2022, the country was in the grip of a scorching, drought-aggravating heatwave that caused forest fires in the west. The fact that some of the same areas that received record temperatures were subsequently submerged underlines the sharp swings in weather patterns that are becoming a norm.


Pakistanis have responded to this latest calamity with exemplary resilience. Already facing severe economic headwinds, the government scrambled to generate funds enabling direct cash transfers of more than $250m (£200m) to more than 2 million households. In all, we managed to mobilise about $1.5bn in emergency relief out of our own meagre resources.

We are grateful to the international community and friends of Pakistan for their generosity in helping us to avoid the worst. While the World Health Organization had designated the situation as a high-level health emergency, the feared water-borne diseases and localised epidemics did not break out due to the efficient working of our vast network of medical camps. Similarly, we were able to restore the damaged communication networks between cities and villages very quickly.

Yet more than 2 million homes, 14,000km of roads and 23,000 schools and clinics have been destroyed. A post-disaster needs assessment (PDNA), carried out in collaboration with the World Bank and the EU, estimated that the damage caused by floods exceeded $30bn – a 10th of Pakistan’s entire GDP.

These numbers only scratch the surface of the challenge at hand. They demand a response that would stretch and overwhelm the resources of any country. The UN secretary general, António Guterres, witnessed the “unimaginable” destruction first-hand during a visit to Sindh province in September. Terming it “climate carnage”, the secretary general found himself at a loss for words – “a flooded area that is three times the total area of my own country, Portugal”. This devastation has been greater than that caused by the 2010 floods in Pakistan, which the UN then described as the worst natural disaster it had ever responded to. Pakistan simply cannot do this alone.


Comment by Riaz Haq on January 6, 2023 at 7:36am

Support for Pakistan has ebbed away – yet its deadly floodwaters have not
By Muhammad Shehbaz Sharif

https://www.theguardian.com/commentisfree/2023/jan/06/pakistan-floo...

This is why the secretary general and I are co-hosting the International Conference on Climate Resilient Pakistan in Geneva on 9 January. We will be joined by world leaders, representatives of international development and humanitarian organisations, and friends of Pakistan to signal support and solidarity with a country that is grappling with a natural disaster not of its making.

A newborn held aloft in Pakistan sums up the sheer injustice of the climate crisis
Fatima Bhutto
Fatima Bhutto
Read more
We will also present a comprehensive roadmap for post-flood reconstruction and rehabilitation, developed with the assistance of the World Bank, the UN, the Asian Development Bank and the EU. The resilient recovery, rehabilitation and reconstruction framework (or 4RF) essentially envisages a two-pronged response. The first part relates to meeting the immediate challenges of recovery and reconstruction, requiring minimum funding of $16.3bn over a period of three years. Pakistan would meet half the funding from its own resources. But we will count on the continued assistance of our bilateral and multilateral partners to bridge the gap.

The second part of the 4RF outlines Pakistan’s long-term vision for building climate resilience. This would require an investment of $13.5bn over a 10-year period. Building better communications infrastructure and a more robust irrigation system, and designing efficient early warning systems to mitigate the effects of future natural disasters is not a luxury for Pakistan but an absolute imperative.

Of course, I am conscious that the Geneva conference marks only the beginning of a long and arduous journey. But a substantive outcome will reassure millions of imperilled people – who have already lost everything – that they have not been forgotten; that the international community will help them to rebuild their lives.

It will also remind us that we are all – increasingly – at the mercy of forces of nature that do not respect borders and can only be tamed by joining hands. It is, therefore, my sincere hope that our gathering in Geneva comes to symbolise our common humanity and generosity of spirit – a source of hope for all people and countries who may face natural adversity in the future.

Muhammad Shehbaz Sharif is Pakistan’s prime minister

Comment by Riaz Haq on January 9, 2023 at 8:07am

Dozens of countries and international institutions on Monday pledged more than $9 billion to help Pakistan recover and rebuild from devastating summer floods, with the sum set to balloon further at a U.N.-backed conference to help the country through what the U.N. chief called “a climate disaster of monumental scale.”

https://apnews.com/article/floods-politics-pakistan-macron-united-n...

The flooding killed more than 1,700 people, destroyed more than 2 million homes, and covered as much as one-third of the country at one point, causing damage totaling more than $30 billion, officials say. Large swaths of the country remain under water, with millions living near contaminated or stagnant waters, the U.N. says.

After a midday break, Pakistani Information Minister Marriyum Aurangzeb tweeted that $8.57 billion had been offered up to that point — exceeding an initial target to meet half of the government’s estimated needs of some $16.3 billion to respond to the flooding. The other half is expected to come from the Pakistani government itself.

She listed the top donors as the Islamic Development Bank, with $4.2 billion; the World Bank, at $2 billion; the Asian Development Bank, at $1.5 billion. She said the European Union had pledged $93 million, Germany $88 million, China $100 million, and Japan $77 million. The United States said separately was doubling its allocation, announcing another $100 million on top of a similar amount already committed to Pakistan.

The interim tally from Aurangzeb did not include, for example, a pledge of $1 billion from Saudi Arabia. Wealthy and traditionally generous Nordic countries and others were continuing to announce their commitments Monday afternoon.

The conference has shaped up as a test case of just how much wealthy nations would pitch in to help developing-world countries like Pakistan manage the impact of climatic swoons, and brace for other disasters.

Pakistani Prime Minister Shahbaz Sharif and U.N. Secretary-General António Guterres attended in-person and other world leaders such as French President Emmanuel Macron and Turkish President Recep Tayyip Erdoğan took part virtually.

“We need to be honest about the brutal injustice of loss and damage suffered by developing countries because of climate change,” Guterres told the gathering. “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.”

Comment by Riaz Haq on January 9, 2023 at 2:27pm

Pakistan Receives $10 Billion Commitment for Devastating Floods
Fundraising exceeded $8 billion that prime minister sought
Floods killed more than 1,700 people and cut growth by half

https://www.bloomberg.com/news/articles/2023-01-09/pakistan-seeks-8...

Pakistan has received commitments for more than $10 billion from the global community that it requested at a conference in Geneva to help the country rebuild houses and farms along with rehabilitating people impacted by floods.

That exceeded the $8 billion over three years that Prime Minister Shehbaz Sharif had sought.

Comment

You need to be a member of PakAlumni Worldwide: The Global Social Network to add comments!

Join PakAlumni Worldwide: The Global Social Network

Pre-Paid Legal


Twitter Feed

    follow me on Twitter

    Sponsored Links

    South Asia Investor Review
    Investor Information Blog

    Haq's Musings
    Riaz Haq's Current Affairs Blog

    Please Bookmark This Page!




    Blog Posts

    Pakistanis' Insatiable Appetite For Smartphones

    Samsung is seeing strong demand for its locally assembled Galaxy S24 smartphones and tablets in Pakistan, according to Bloomberg. The company said it is struggling to meet demand. Pakistan’s mobile phone industry produced 21 million handsets while its smartphone imports surged over 100% in the last fiscal year, according to …

    Continue

    Posted by Riaz Haq on April 26, 2024 at 7:09pm

    Pakistani Student Enrollment in US Universities Hits All Time High

    Pakistani student enrollment in America's institutions of higher learning rose 16% last year, outpacing the record 12% growth in the number of international students hosted by the country. This puts Pakistan among eight sources in the top 20 countries with the largest increases in US enrollment. India saw the biggest increase at 35%, followed by Ghana 32%, Bangladesh and…

    Continue

    Posted by Riaz Haq on April 1, 2024 at 5:00pm

    © 2024   Created by Riaz Haq.   Powered by

    Badges  |  Report an Issue  |  Terms of Service