Charter of Energy Resilience for Pakistan-Blogs

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Charter of Energy Resilience for Pakistan

In Pakistan, a confluence of interconnected crises of economy, energy and climate change is expected to exacerbate further in future, if long-term planning is not on the agenda of national discourse. The root cause lies in economic turmoil, a factor that not only saps the country’s prosperity but also affects unsustainable energy supplies which reflects in environmental degradation. The vicious cycle continues, as these unsustainable energy choices result in economic turmoil, driven by increased imports and environmental degradation from rising carbon emissions. To solve this multifaceted crisis, Pakistan must embark on a journey of long-term planning and holistic policy formulation, with the crucial integration of sustainable energy policies into the political discourse and there is a dire need to formulate a charter on energy resilience for Pakistan.

Presently, Pakistan faces the daunting task of increasing its primary energy consumption by approximately 4.35 per cent annually to bolster its GDP by one per cent each year, vital for sustaining economic growth. The country’s focus has shifted towards a sustainable energy mix, with an emphasis on renewables to reduce reliance on imported fuels. In a broader spectrum of this charter, a standout initiative potentially is the national solar energy policy, aiming to enhance energy security and decrease dependence on imports as well as to provide a national framework and guiding principles for solar installation and to address regional variations in terms of utilization of solar power. Obviously, hurdles persist, especially in expanding solar and wind energy capacity, necessitating innovative policies rooted in robust data modelling and research.

In this intricate landscape, regional geopolitical dynamics and collaborations with neighbouring nations play a pivotal role. Pakistan stands at a crossroads, possessing diverse regional energy options and the potential to emerge as an energy hub and transit country. The burgeoning population heightens the urgency for energy security, essential to sustain the nation’s economic growth and decrease dependence on imported fuels. However, despite South Asia’s abundant renewable energy potential, obstacles like financial constraints and non-cost-reflective tariffs hinder progress. Additionally, Pakistan finds itself amidst fierce global competition involving the United States, China, and Russia, especially in the energy sector. Navigating this competition while ensuring internal stability, economic growth, and regional peace is paramount.....

Saleha Qureshi
Blogs
09 Nov,2023
https://dailytimes.com.pk/1146897/charter-of-energy-resilience-for-pakistan/

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