The bill for climate change impacts should be shared

The impacts of climate change are upon us. Recently, devastating floods in neighbouring Pakistan have killed more than 1,000 people, leaving many more homeless. This tragedy followed the deadly floods that hit northeastern India and Bangladesh earlier in May. More than nine million people in both countries were affected, and around 300 were killed. Millions of people across the affected areas were left in urgent need of food and medicine. Climate change is also impacting business and industry. This was brought into sharp focus in my own industry, garment production, with the Pakistan floods. Recent news reports show these floods severely damaged the country's cotton crop. Local dispatches indicate that around 40-45 percent of the cotton crop is submerged (at the time of writing this article) in the major cotton production areas of Punjab, Sindh, and Balochistan. This could potentially lead to a sizeable reduction in cotton output, placing further supply pressures on the global market and raising prices. This will, in theory, affect Bangladeshi garment makers if the global price of cotton increases. Meanwhile, a drought in the US has also reduced the cotton crop there this year, impacting global cotton prices and hitting garment makers in Bangladesh and other southeast Asian countries. In the wake of the Pakistan floods, the country's minister for planning and development, Ahsan Iqbal, said Pakistan was a victim of climate change caused by the "irresponsible development of the developed world." "Our carbon footprint is the lowest in the world," Iqbal said. "The international community has a responsibility to help us, upgrade our infrastructure, to make our infrastructure more climate resilient, so that we don't have such losses every three, four, five years."

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