Day: May 3, 2021

Vietnam Could Lead SE In Renewable Energy Development

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Vietnam is experiencing a solar boom, with 11.6 GW of power of this kind added to the national grid last year, according to the International Renewable Energy Agency. Only 105 MW of solar electricity was installed in the country in 2018, and the figure rose to 5 GW in only a year later, and even to 16.5GW in 2020, the article said, adding this is a considerable increase as compared to other nations at the same time. As demand for energy in this Southeast Asian country is forecast to shoot…

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Failure of the power sector after 1970s

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The policies followed by governments in the power sector after 1977 have greatly damaged the country’s economy. Shortage of electricity and high cost affected all sectors. Our country – having a hydroelectric potential of 100,000MW, and 87 known projects capable of producing 65,000MW of cheap and non-polluting energy – has been relying only on thermal sources, largely imported. Pakistan’s installed power capacity is 38,719MW, with only 27% hydel. But since the previous government did not focus on building the required transmission and distribution infrastructure at the required time, even the…

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Pakistan: Climate Change, Environmental Problems And Pollution, A Rising Uncertainty

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Reports claim that environmental dilapidation can cause a loss of PKR 365 billion every year and hence, it can even deteriorate the economy! Climate change primarily is global warming caused by emission of greenhouse gases via human activity and is responsible for the large-scale alterations in the weather pattern. Human activity burns fossil fuels to produce energy which releases carbon dioxide in the atmosphere. This greenhouse gas traps heat energy from the sun causing a greenhouse effect. Climatic scientists highlight that Pakistan is particularly susceptible to climate change impacts because…

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Ministry pursuing policy to increase clean energy share up to 60% by 2030

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The climate change ministry is pursuing a multi-pronged policy to increase the share of renewable energy up to sixty percent in the national economy by 2030. According to the data shared by the ministry, it achieved early successes when it convinced the government to remove the cap on solar energy share in the national grid, shelve the policy of importing coal and introduce electric vehicle policy. The data showed that renewable energy technologies would be fully deployed so they provide a higher targeted proportion of the national energy supply mix,…

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More taxes, duties exemptions in Budget to cause new wave of inflation: Mian Nauman Kabir

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The Pakistan Industrial and Traders Association Front Chairman Mian Nauman Kabir on Sunday rejected the government’s plan of imposing additional taxes of billions of rupees in the upcoming federal budget 2021-22, besides withdrawing duties and tax exemption of about Rs360 billion, leading to a new wave of inflation in the country. The PIAF Chairman, in a joint statement with vice chairman Javed Siddiqi, said that that the regular attempt of economic managers to impose new taxes and increasing oil prices along with the hike in power and gas tariffs will…

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