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Pakistan’s Gdp To Collapse, World Bank Makes A Shocking Prediction

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The World Bank’s special note titled ‘Climate Silence in Pakistan’ highlights the profound impact of climate change on the country, anticipating a substantial 18 to 20 percent decrease in Pakistan’s GDP by 2050. 

The adverse effects of climate change, such as altered weather patterns and destructive floods, have been particularly impactful, with 8 in 10 people expressing concern about its consequences. The note underscores that females and educated individuals exhibit greater concern, and the perception of climate change intensifies when linked to economic issues.

Despite a high level of concern, there is a disparity in support for personal and government actions to address climate change. The findings suggest that strategies should focus on promoting behavioral change by emphasizing financial savings rather than solely the environmental impact. The note delves into socio-economic factors shaping perceptions and actions related to climate change in Pakistan, revealing that experiences of income shocks, such as those caused by events like the COVID-19 pandemic or floods, contribute to heightened concern.

Additionally, the prioritization of climate change is influenced by the presentation order of economic and social issues, with economic emphasis leading to a greater likelihood of considering climate change as an important issue, especially among individuals with higher education levels.

The World Bank’s special note, “Climate Silence in Pakistan,” paints a concerning picture of the country’s future, predicting an 18 to 20 percent decline in GDP by 2050 due to climate-related challenges. The note emphasizes the tangible impacts of climate change, including altered weather patterns and devastating floods, leading to heightened concern among the population, particularly females and the educated.

Despite this concern, there is a disconnect in supporting actions to address climate change, with the note recommending a shift in strategy to emphasize behavioral change through financial incentives. The exploration of socio-economic factors influencing perceptions reveals that experiences of income shocks, like those caused by the COVID-19 pandemic or floods, contribute to increased worries about climate change.

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