The Pakistan floods, COP27, and prospects for recovery and climate justice
- Impact Area
The government estimates total losses from the disaster at PKR 6.2 trillion ($30.1 billion), and that recovery will cost PKR 3.5 trillion ($16.3 billion) in addition to $816 million for rescue and relief. The situation is exacerbated by continuing impacts of the COVID-19 pandemic and external shocks like the Russia-Ukraine conflict and macroeconomic crisis. Disaster relief and humanitarian aid is pouring into Pakistan, but not nearly at the levels required.