Day: September 6, 2021

KEEN to build on the last year’s growth rate of 3.9 per cent to hit the targeted 4.8pc this year, Pakistan is set to leverage the second phase of the China-Pakistan Economic Corridor (CPEC) at a time when the future outlook of the economy is somewhat clouded by the changing geopolitical dynamics and the evolving realignments of contending regional and global powers. While engaging with European dignitaries converging in Islamabad as the world eerily watches the return of Taliban rule in Afghanistan, Pakistan has mounted renewed efforts to regain Chinese…

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Liquefied natural gas (LNG) tankers are burning dirtier fuel oil than normal to try to conserve as much of their LNG cargo as possible after the price of the super-chilled fuel soared above oil, trade and shipping sources have told Reuters. LNG tankers often use some of their natural gas cargo – stored in liquid form at minus 163 degrees Celsius – to help power the ship, as a small portion of the LNG tends to evaporate or “boil off” during transit and needs to be removed from the tanks…

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THE government seems to have finally recognised the importance of seasonal energy pricing for domestic and commercial consumers as it struggles to improve electricity sales and discourage consumption of gas for space heating. Well, better late than never. The energy ministry is pitching a proposal for implementing new seasonal energy pricing for both domestic and commercial consumers to motivate people to consume more electricity by lowering power rates during off-peak months. The move highlights the twin problems of a substantial plunge in electricity demand and an unmanageable spike in gas…

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Since joe biden became America’s president in January, few senior American officials have visited China. But as The Economist went to press, Mr Biden’s special envoy for climate change, John Kerry, was in the middle of his second trip this year. With relations so rancorous in almost every other domain, the two countries appear to welcome the chance to talk about a problem they hope can be tackled together. There may be political dividends for both. Mr Kerry has set his sights on coal, a big contributor to global warming.…

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Renewable energy could power the world within the next 30 years, and wind power is one of the cheapest, most efficient ways to get there. Except 80% of the world’s offshore wind blows in deep waters, where it’s difficult to build wind farms. A new design for a radically different kind of wind turbine could begin to change that. Norwegian company Wind Catching Systems is developing a floating, multi-turbine technology for wind farms that could generate five times the annual energy of the world’s largest, single wind turbine. This increased…

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