Climate crisis: Who should pay to rebuild Pakistan?

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4 • 350 Ratings

🗓️ 5 April 2023

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Climate disasters are becoming more and more common, and the countries most vulnerable to them are often the ones emitting the least pollution. That imbalance has sparked a debate on whether rich, polluting nations have a responsibility to contribute more when there are climate catastrophes. In today’s episode, we’re looking at one country that serves as an example: Pakistan. We’ll discuss how it plans to fund its recovery after record-breaking floods – worsened by climate change – submerged much of the south Asian country last year.

Clips from Sky News Australia, Al Jazeera, Channel 4 News

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For further reading:

Rebuilding Pakistan: how much should rich nations help?

‘It’s the fault of climate change’: Pakistan seeks ‘justice’ after floods

Pakistan is on the brink

Debt burden traps global south in a vicious circle

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On Twitter, follow Ben Parkin (@b_parkyn), Camilla Hodgson (@CamillaHodgson), and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

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Transcript

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0:00.0	Am I missing anything? Is this the right decision?
0:02.0	Can I show this data?
0:04.0	Am I too late?
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0:21.1	facts, not opinions.
0:23.0	Clarity AI scaling human decisions through tech.
0:26.6	Visit clarity.
0:28.0	AI and take action today. We're just approaching the canal with two embankments on either side.
0:42.3	It's late January.
0:44.0	And the F.T. South Asia correspondent Ben Parkin
0:46.7	is riding in a car through Dadao District
0:49.2	in southeastern Pakistan.
0:51.4	Around us we have green fields of growing crops.
0:57.8	We have quite a vibrant little village.
1:02.2	On Ben's side of the embankment is the Pakistan he recognizes.
1:05.0	People chatting, kids running, against the backdrop of fields and trees.
1:10.0	This is the side that was saved from the floods. The embankments didn't break and so there's a lot of light.
	...

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