Climate change’s adverse impact on Pakistan to be highlighted at COP 27

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In the wake of this year’s monsoon flooding of Biblical proportions, due to which some districts of Sindh and Balochistan are still inundated, calls for climate justice by the incumbent government at international forums have grown. The Ministry of Climate Change (MOCC) in a press briefing released harrowing data regarding the impact of long-term shifts of temperatures and weather patterns on Pakistan, which is responsible for less than 1% of the world’s carbon emissions. During the last two decades the country has experienced 152 extreme events, triggered by climate change,…

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UAE, US to spur $100b in clean energy projects

The United Arab Emirates (UAE) and the United States (US) have signed a partnership to spur $100 billion of investments in clean energy projects and add 100 gigawatts of clean energy globally by 2035, state news agency WAM reported on Tuesday. “Together, we will spur large-scale investment in new energy technologies, in our own countries, around the world and in emerging economies,” US energy envoy Amos Hochstein said in a statement carried on WAM. The statement said the partnership would “assemble and stimulate” private and public sector funding and support…

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Govt targets Rs47b oil levy collection

The government has increased the petroleum levy on petrol to a record high of Rs50 per litre to collect revenue of around Rs47 billion in November 2022. In a recent decision that left oil product prices unchanged for the first fortnight of November, the government increased the petroleum levy on petrol from Rs47.50 to Rs50 per litre, up by Rs2.50. The Oil and Gas Regulatory Authority (Ogra) had recommended a reduction of Rs2.50 in the price of petrol to provide relief to oil consumers following a decline in the global…

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Chinese companies accept offer to invest in solar projects

eading Chinese companies have shown keen interest in investing in Pakistan’s solar, water and other infrastructure projects during the visit of Prime Minister Shehbaz Sharif to Beijing. The prime minister invited the Chinese corporate heads to come to Pakistan and pour capital into the government’s comprehensive solar power programme aimed at generating 10,000 megawatts of electricity, the Prime Minister’s Office said on Wednesday. The premier also encouraged Chinese investment in other alternative energy resources including wind power plants. He stressed the need for early completion of infrastructure development for the…

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Govt promoting production of clean electricity: CM

Khyber Pakhtunkhwa Chief MinisterMahmood Khan on Tuesday said his government had taken ‘pragmatic’ steps for the production of cheaper and environment-friendly electricity in the province. Chairing a meeting that reviewed progress on the energy and power department’s projects here, the chief minister said the Pakistan Tehreek-i-Insaf-led provincial government was contributing significantly to power production in the country. “Ours is the only province, which is producing clean energy at the cheapest possible rates and thus, contributing to national development,” he said. Mr Mahmood said more than 7,400 schools, 5,672 mosques, 134…

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