Pakistan, Aug. 13 -- Pakistan requires $40 billion to $50 billion every year to tackle escalating climate risks, warns the Overseas Investors Chamber of Commerce and Industry (OICCI) in its 3rd Pakistan Climate Conference Report.

The report highlights that despite contributing less than 0.9% to global greenhouse gas emissions, Pakistan ranks first on the 2025 Climate Risk Index, facing billions in damages, higher health costs, and reduced productivity.

In 2022 alone, climate-related disasters caused over $30 billion in losses, with recovery needs exceeding $16.3 billion. Air pollution leads to more than 128,000 premature deaths, while agricultural productivity has declined 10-20%.

The report, titled Creating an Enabling Environment for...