Year: 2024

Debt-Based Climate Financing Must End, PM Shehbaz Stresses at COP29

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At the COP29 World Leaders Climate Action Summit in Baku, Azerbaijan, Prime Minister Shehbaz Sharif called for a global overhaul in climate financing, urging that debt-based funding should no longer be the norm. Addressing the Climate Finance Round Table Conference, organized by Pakistan, PM Shehbaz highlighted the need for innovative, debt-free financing solutions to support developing countries in combating climate change without increasing their financial burdens. “We stand at a crucial threshold where the global climate finance framework must be redefined to meet the urgent needs of vulnerable nations,” he…

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IMF Seeks Progress on Pakistan’s Digital Revenue Overhaul, Eyes Power Sector Reforms

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pak-imf

Finance minister meets IMF mission chief for introductory talks Pakistan to redirect gas from captive power plants (CPPs) to national grid by January 2025Joint session with power and petroleum divisions to address energy sector challenges ISLAMABAD: The International Monetary Fund (IMF) has requested an in-depth, results-oriented update on Pakistan’s revenue system digitalisation efforts, focusing on AI-driven initiatives to expand the tax base and improve collections. Alongside these fiscal objectives, power sector reforms, especially those addressing the circular debt and gas supply policies, are high on the agenda. A critical reform…

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Empowering Homes: The Growth of Low-Voltage Energy Storage and Solis’s S6-EH3P (8-15) K Inverter in Pakistan

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As the demand for affordable, scalable residential energy storage grows across Asia, Africa, and the Middle East, low-voltage systems are emerging as a leading choice for households in Pakistan. Known for their cost-efficiency, safety, and adaptability, these systems help homeowners manage and store energy effectively, fostering energy independence in residential spaces. This article explores the shift toward low-voltage systems in Pakistan’s residential energy market, spotlighting the Solis S6-EH3P (8-15) K inverter—an ideal solution tailored for reliable and flexible energy storage at home. Generator Integration: Seamlessly switches between battery and generator…

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Net Metering’s Unseen Consequences

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Solar-Panels

Net Metering’s Unseen Consequences November 12, 2024 Seeking Equity in Renewable Energy Transition By Asim Javed  The National Electric Power Regulatory Authority (NEPRA) implemented Distributed Generation and Net Metering Regulations in September 2015, which enable consumers to connect photovoltaic systems to the grid. The objective of these regulations was to encourage the use of renewable solar energy and to allow consumers to lower their electricity bills by utilising the grid as a virtual battery.  Solar households can transfer surplus energy to the grid during the day and retrieve it at…

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NFEH, Energy Update’s joint visit to SECMC

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NFEH, Energy Update’s joint visit to SECMC November 12, 2024 Empowering Thar: Sustainable Coal Mining and Community Welfare In a notable initiative underscoring the growing emphasis on sustainable development, a joint team from the National Forum for Environment and Health (NFEH) and Energy Update recently visited District Tharparkar in Sindh province.  Hosted by the Sindh Engro Coal Mining Company (SECMC), the visit centered around Pakistan’s largest open-pit coal mining site, located in block-II of Thar coal, within the town of Islamkot. The delegation was taken on an insightful tour of the coal mining site…

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