Bridging Pakistan’s Adaptation Finance Gap
Quantifying the cost of climate inaction in Pakistan and developing an evidence-based prioritisation of climate adaptation and resilience (A&R) solutions
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In partnership with the Government of Pakistan, The British High Commission Islamabad has sought to take forward Pakistan’s National Adaptation Plan by trying to prioritise what Pakistan needs to do, and understand exactly what the consequences would be if Pakistan doesn’t urgently build climate resilience.
Using innovative techniques like spatial data and AI to map the future impacts of climate change, we find that by 2050 the projected cost of climate inaction in Pakistan could be a $1.2 trillion hit on the economy (equivalent to ~30% a year GDP reduction per in the peak year).
If Pakistan is unable to adapt and build climate resilience this will likely have severe adverse implications for Pakistan’s macroeconomic stability, regional security, settlement and displacement of population, and food security.
This initial phase report uses cost of inaction climate risk analysis to prioritise A&R solutions and recommends 10 overarching enablers for the Government of Pakistan, development partners and the private sector to successfully take forward the A&R initiatives.