Pak­istan suf­fers loss worth $384m ow­ing to cli­mate change

The Financial Daily - - NATIONAL -

ISLAMABAD: Pak­istan suf­fered a loss worth $384 mil­lion last year due to ex­treme weather events, ac­cord­ing to the Global Cli­mate Risk In­dex 2019.

The re­port was re­leased at the on­go­ing cli­mate change sum­mit COP 24 in the Pol­ish city of Ka­tow­ice.

More than 526,000 peo­ple have died across the globe as a re­sult of 11,500 ex­treme weather events in 2017. Eco­nomic losses due to cli­mate change, be­tween 1998 and 2017, amounted to around $3.47 tril­lion.

On a global scale, Puerto Rico is at the top of the chart and five Asian coun­tries fea­ture among the top ten worstaf­fected coun­tries due to ex­treme weather events, Chi­nese re­ported.

"In 2017, Puerto Rico and Do­minica were hit by 'Maria,' one of the dead­li­est and costli­est hur­ri­canes on record," the re­port said.

Ac­cord­ing to the in­dex, Bangladesh suf­fered an eco­nomic loss of $2.8 bil­lion, In­dia $13.7 bil­lion, Sri Lanka $3 bil­lion and China $30 bil­lion. - NNI

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