Category: Shortcode

COP29 Kicks Off Amid Warning: 2024 Likely to be Hottest Year on Record, Says EU Monitor

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Hottest-Year

PARIS: On the eve of the critical UN climate summit COP29 in Azerbaijan, the European Union’s climate monitoring agency, Copernicus, has warned that 2024 is “virtually certain” to set a new record as the hottest year in history, with global temperatures surpassing 1.5°C above pre-industrial levels. October, marked by extreme weather events like Spain’s devastating floods and Hurricane Milton in the U.S., recorded the second-hottest temperatures ever for that month. This trend signals what Copernicus calls a “new milestone” that should prompt intensified climate action at COP29, where global leaders…

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Sindh Agriculture Dept asked to provide details of Rs 600m subsidy for solar-powered tube wells

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Solar-System

Karachi The Public Accounts Committee (PAC) of the Sindh Assembly has sought complete records from the provincial government’s Agriculture Department showing details of the beneficiary farmers in the province who received a total subsidy of Rs 600 million to install solar-powered tube wells and water pumps to boost farming activities in the province.The PAC met on Friday with its Chairman, Nisar Ahmed Khuhro, in the committee room of the Sindh Assembly building to consider the financial accounts of the Sindh Agriculture Department from 2019 to 2021.The Director-General Audit Sindh objected…

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Global Solar Capacity Surpasses 2 Terawatts, Paving Path to Climate Goals

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SOLAR-POWER

LONDON, (Reuters) –The global solar industry has achieved a new milestone, reaching 2 terawatts (TW) of installed capacity, with more solar power added in the past two years than in the previous 68 combined, according to exclusive data shared by the Global Solar Council. This updated figure, which includes often-overlooked small rooftop installations, offers the most comprehensive view of solar deployment to date. With this 2 TW capacity milestone, enough solar energy is now generated globally to power around 92 million U.S. households, the Council reported. Sonia Dunlop, CEO of…

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Qatar Defers 5 LNG Shipments to 2026, Easing Pakistan’s Supply Surplus

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LNG

ISLAMABAD: In a relief measure for Pakistan’s energy sector, Qatar has agreed to postpone five LNG shipments from 2025 to 2026, addressing Pakistan’s current oversupply situation. This deferral, secured under a flexible clause within Pakistan’s two government-to-government (G2G) agreements with Qatar, follows a request made by Prime Minister Shehbaz Sharif during his recent visit to Doha, confirmed a senior Ministry of Energy official. Pakistan has been experiencing an LNG surplus, with gas consumption dropping sharply, impacting the national pipeline network. The reduced demand, due to slowed GDP growth and decreased…

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Gas Supply Cuts to CPPs Pose Severe Risk to Industry, Jobs

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Gas-Prices

Industrial Leaders Warn of Factory Shutdowns, Mass Unemployment as January Gas Suspension Approaches KARACHI: Industrial leaders have issued a stark warning to the government over its plan to cut off gas supply to captive power plants (CPPs) by January 1, 2025. The proposed suspension could potentially shutter more than 1,300 factories and threaten over three million jobs, creating a severe economic crisis and damaging export performance, according to industry representatives. Fawad Anwer, Chairman of the Pakistan Textile Council, voiced deep concerns over the decision, stating, “Industrialists who have invested in…

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