Pakistan has a huge potential in renewable energy sector and its tapping could play a significant role in achieving environmental targets.
This was declared by experts during a webinar held on ‘Low carbon recovery in Pakistan-green financing strategies in post-COVID-19 scenario,’ by the Sustainable Development Policy Institute (SDPI).
Energy Finance Analyst at the Institute for Energy Economics and Financial Analysis (IEEFA), Simon Nicholas, said green recovery initiatives were not only about environmental concerns but also about rescuing the power sector of Pakistan, which was under great strain. He said being a partner of china, a global green recover leader, Pakistan was serious contender for green recovery and transition to renewable energy.
“Pakistan can diversify its power sector by making sustainable investment commitment and attracting private investors in the fields of green energy. The financial and technical assistance from developed countries could be vital to develop renewable energy,” he said.