December 11, 2018 Read More →

Pakistan remains at frontline of climate risks: Advisor

The DG Ministry of Climate Change, Irfan Tariq, who has arrived for the second week of COP24, also spoke at the side event on the “Belt and Road Green Development Partnership” which is looking at greening the China Pakistan Economic Corridor (CPEC). Tariq explained that when Pakistan submitted its NDC document in 2016, they had looked at their projected emissions from CPEC. He stated: “It is our intention to revise those NDCs at an appropriate time… and to see whatever has been left out, it needs to be incorporated”. He explained that under Phase 1 of CPEC which conceives power generation, the coal power plants being established in Pakistan will use more efficient super critical technology and provide real time data on their emissions.

However, a new report released by the Institute for Energy Economics and Financial Analysis this December on “Pakistan’s Power Future” notes that renewable energy including wind and solar is now the cheapest form of new electricity generation in Pakistan. The report states: “Further adoption of ever-cheaper and accessible renewable energy can make a greater contribution towards meeting Pakistan’s growing electricity demands. Instead, Pakistan is currently on an energy pathway towards over-reliance on imported fossil fuels, out-dated coal technology, and expensive, seasonal and delayed hydropower. Polluting power plants relying on fossil fuel imports are being planned in the context of Pakistan’s weakening currency, growing current account deficit, declining foreign exchange reserves and escalating circular debt, reducing Pakistan’s energy security. This is not necessary now that tariffs for wind and solar are below all other generation sources”.

Pakistan remains at frontline of climate risks: Advisor

Posted in: IEEFA In the News

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