A third of Pakistan, a country 1.2 times the size of Texas, is underwater due to climate change related flooding. Can the first world ever really fully repay for all the damage they've done. It seems that a genuine effort to would completely bankrupt them. How much growth in GDP would be wiped away if we truly put an effort into internalizing these "economic externalities"?
A recent episode of the podcast More or Less addressed that statistic. It turns out that 40% of provinces in Pakistan have declared an emergency due to flooding. Only (a still enormous and heartbreaking) 10-12% of the country is actually under water.
