impact climate change is a main and energized factor that has indirectly affected the economy of Pakistan as well as globally. It directly affects the food chain of the ecosystem that have indirect impact on the energy levels and on the site of the economy it diversely affects food production. Moreover, it is the main reason for the loss of natural resources and become a major disaster-causing agent, along with climate change. Pakistan has faced many unfavorable conditions due to changes in climate which have had an adverse impact on our agricultural sector.

Impact of Impact of climate change

The relationship between economic growth and climatic change are directly proportional at some rate, as the rate of greenhouse gases is not as higher as in developed countries infract our Pakistan is a developing country so, it contributes very less amount of GHG emissions. Due to increasing ghgs, the temperature of that area increased. However, the climatic change is disastrous only in the short term but in the long term it gives benefits to many developed countries like the US, Korea etc.

As we know that carbon dioxide is the main greenhouse gas that has toxic effects on other natural resources and cycles, as climatic change is the factor related to the production of food according to weather conditions and also impacts human health, then the economy also kept affected due to labor to be lost.

Being a developing nation the increasing rate of GHGs plays a significant role in the occurrence of extreme heat events and causing natural destruction, Pakistan only contributes 0.8 percent of atmospheric GHG emissions and ranked about 135^th country as a contributor of GHG.

How Impact of climate change affects the economy?

In the fortunate of Pakistan, this country has to face many socio-economic and geographic issues due to the heating of the earth and rising temperature due to uneven climatic change. The land of Pakistan is more fertile due to the presence of its location in arid and semi-arid zone globally. It is located along the equator line which is the pathway of the sun due to which its temperature is normal and all four seasons seem to be here after a certain period of time.

One of the beneficial events that occur due to temperature increase is that the frozen glaciers melted and the water needs to be fulfilled on the basis of water obtained from the melting of glaciers. It has some limited benefits.

However, when the glaciers melted quickly it has quite a reasonable impact on the economy as the agricultural sector of the country becomes strong.

Moreover, it has a negative impact too if the temperature increases unfavorably and the melting of glaciers exceeds the limited point and becomes an enormous reason for natural disasters like floods, landscaping, etc. For example, floods in Pakistan cause over 1000 deaths due to overflow of water, and displacing it has an adverse impact on our economic growth.

According to the recovery organization of Pakistan, the productivity of our agricultural land will decline by 10% in coming years unfortunately which is not vulnerable for the economy of the developing country

It approves that due to uneven heating of the earth globally, the rate of global warming increased which also affects the thermal expansion of Pakistan and leads to the shortage of food in the future that hazards the country and increases the rate of poverty as well.

Effect on coastal economies

According to GFDRR, the coastal areas of Pakistan are affected the most due to climatic change which doesn’t reisolate yet. Due to uneven change in climate change infrastructure of developing countries heats up badly. Whenever the temperature rises near coastal sites the sea level rises above a certain point which has a hazardous effect on the population as well as degrades the ecosystem of the area.

As sea levels rise it might be the possibility of property damage which directly affects the fixed financial rates of the economy.

The available recent data on sea level in the archives of the National Institute of Oceanography, Karachi, seems to be a continuous increase in sea level from about 0.12 inches to 0.14 inches

The rate of sea level rise in Pakistan’s coastal regions has turned into higher hazardous issues in fortune due to uneven fluctuation of climate change.

GDP variability

The Economies of climate change, have a recent review according to which it is predictable that the economies have lost 5% of their GDP due to problematic issues of scarcity if we don’t take action. The estimated prediction will reach the 15 to 20% GDP loss or more socio-economical hazards are included. According to the recent climatic review globally, it is highlighted that Pakistan faced extreme economic hazards for instance major one is poverty due to low crop production in the agricultural sector because of climate change.

Due to the impact of climate change, the GDP of Pakistan has been low about 1 to 4 % in research.

Between 1993 and 2023, According to WBG, climate-causing disasters affects the property of Pakistan which directly relates to exchange marketing and development of the country.

Globally, climate change could see 4% of annual economic output lost by 2050 and hit many poorer parts of the world disproportionally hard.

At last, the temperature has been found to affect income via agricultural yields as we know that Pakistan is also an agricultural land and earns about 87% of total income from agricultural crops.

Economic Impact of Climate Change on Pakistan by 2050

Pakistan’s annual GDP is at risk of falling by 18 to 20 percent by 2050 due to the combined risks of intensification of climate change and environmental degradation in the country if the climatic issues are left unaddressed.

Compared to other countries by 2050, it is expected that Indonesia, the United States, India, and China will be the top economies of the world.

Conclusion

In conclusion, it is stated that the impact of climatic change has adverse relation with economic GDP as uneven climatic impact as the agricultural sector affects badly and causes the degrading of the ecosystem as well as poverty of people.

At the minor level, adaptation is needed to cope with the impact of climate change in major sectors of Pakistan’s development. However, climate change is an international issue too. Pakistan alone can do very little in controlling climate change as it contributes very limited in GHGs emissions in relation to developed countries.

Pakistan is also an industrialized country that faced many economic issues but still it contributes very little to the emission of toxic gases except for some major sources.

In Pakistan, economic growth is adversely affected by sudden climate change but sometimes the variability is beneficial for some crops that give good yield and we get reasonable economic change as per season nationally.

It is concluded that control of vulnerable climate change significantly helps the economy of our developing countries. And developed countries cause more climatic change through anthropogenic ways as compared to other developing countries globally. By means of economic development, we should know the values of nature.

Check Other Schlorships:

• FREE Earth-inspired courses 
• The Graduate Application Portal for King Fahd University, Saudi Arabia is open.
• International Excellence Scholarship 2023-24
• Scholarship in USA

Impact of climate change Impact of climate change Impact of climate change Impact of climate change Impact of climate change Impact of climate change Impact of climate change Impact of climate change Impact of climate change Impact of climate change