Month: March 2022

Global Temperature Change

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Just look at what almost one degree Celsius of warming has done: more extreme heat and wildfires, bigger storms and droughts, hotter and higher seas, warmer summers and winters. Many animals and plants are shifting to new areas, seeking familiar ecosystems elsewhere. Industries and economies are either facing or preparing for impacts. This number matters because every small fraction of a degree matters. The Paris Agreement in 2015 set a worldwide aspirational target to hold warming to 1.5°C, down from a 2°C target. Staying below 1.5°C would prevent hundreds of…

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U.S. Shale Oil and Gas Are the Key to a Renewable Future

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A proper price for oil and gas would allow investors to earn returns on their capital while also accounting for the effect carbon emissions have on the planet. The damage from fossil fuels is real, and suppliers and users alike should share in that cost. Reliance on gas and oil for our energy needs is unsustainable, both environmentally and geopolitically. We need to align energy use and development of domestic fossil fuels, nuclear power and renewable energy with the broader societal goal of decarbonization. To get there, we need a…

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5th Int’l Wind Energy Summit 2022

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Global body urges Pakistan to exempt energy sector SMEs from competitive bidding system to ensure their survivalKarachiThe World Wind Energy Association (WWEA) has urged Pakistan’s government to preferably exempt the small and medium-sized power companies from the competitive bidding system soon to be introduced in the country for new renewable energy projects.The WWEA put forward this suggestion as its Secretary-General, Stefan Gsänger, appeared via the video-link as the keynote speaker at the 5th International Wind Energy Summit-2022 organised here at a hotel by the Energy Update.The WWEA Secretary-General said the…

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“2nd Int’l Solar Clean Energy Pakistan 2022 Conference and Expo

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The Alternative Energy Development Board (AEDB) has aimed to commence from April 2022 the process of competitive bidding for launching new solar and wind power projects to increase the share of clean electricity in the national energy mix to 61 per cent as per the Indicative Generation Capacity Expansion Plan (IGCEP) 2021-2030.This was stated by Chief Executive Officer of AEDB, Shah Jahan Mirza, while speaking as the chief guest at the 2nd International Solar Clean Energy Conference-2022 organized by the Energy Update.Mirza said the AEDB had been well on track…

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Pakistan Barrick and Balochistan Agree in Principle to Restart Reko Diq Project

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Pakistan, Barrick gold and the, and Govt of Balochistan have reached agreement on a framework that provides for the reconstitution of the Reko Diq project in the country’s Balochistan province. The project, which was suspended in 2011 due to a dispute over the legality of its licensing process, hosts one of the world’s largest undeveloped open pit copper-gold porphyry deposits.The reconstituted project will be held 50% by Barrick and 50% by Pakistan stakeholders, comprising a 10% free-carried, non-contributing share held by the government of Balochistan, an additional 15% held by…

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