Business Standard

The climate meltdown: Floods, forest fires, heatwaves cost a heavy price

Devastating floods, heatwaves, and forest fires made headlines even as the world signed key deals to protect biodiversity and agreed on a "loss and damage" fund

The climate meltdown: Floods, forest fires, heatwaves cost a heavy price
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A man wades through floodwaters with his granddaughter at Charsadda in Pakistan’s Khyber Pakhtunkhwa province

Business Standard
That sinking feeling



Unprecedented rainfall in early September had a devastating impact on Pakistan, with a third of the country flooded. Reports suggested that 110 of the 150 districts were impacted. According to the World Bank, more than 1,730 people lost their lives and 33 million were affected by the floods, which are believed to have pushed up to 9 million people below the poverty line. The economic loss was $30 billion and the direct impact on the country’s economy was projected to be about 2.2 per cent of the FY22 gross domestic product. Taking

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