Missing Billions in Pakistan Show Global Climate Finance Gap (1)

Sept. 4, 2025, 3:12 AM UTC

When churning flood waters swept away a group of tourists in Pakistan’s Swat Valley in June, the whole country felt a sense of déjà vu.

Just three years ago, extensive floods had swallowed entire hotels and families vacationing in the “Switzerland of Pakistan” and caused more than 1,700 deaths and billions in damage in other districts. Today, extreme rainfall has once again inundated swathes of the country, underscoring its status as among the world’s most climate-vulnerable.

The relentless tragedies highlight how woeful Pakistan’s disaster preparedness remains, as lofty climate funding pledges from advanced, higher-emitting countries and multilateral donor ...

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