Global investors managing nearly $7tn (£5.2bn) of assets plan to almost double their spending on renewable energy infrastructure over the next five years amid deepening concerns over the fossil fuel industry’s climate plans, according to a report. A survey of institutional investors found that they are planning to increase their renewable energy investments from 4.2% of their overall portfolio to…
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Millions and millions of tons of trash is dumped every day, globally, either on landfill sites; to be recycled later or directly into oceans. A huge quantity of trash accumulated by the oceans creates havoc for marine life, in fact due to ‘oceanic littering’ and other human activity; various areas are on the verge of an ecological disaster, whereas coral…
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ISLAMABAD: Major stakeholders including commercial and industrial representatives on Monday opposed increase in prescribed gas prices demanded by the Karachi based Sui Southern Gas Company Ltd (SSGCL) to meet its revenue requirements for the current fiscal year. Instead the All Pakistan Textile Mills Association (Aptma) made a case for cut in the well-head gas price to reduce the cost of…
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ISLAMABAD (Dunya News) – Sui Northern Gas Pipelines Limited (SNGPL) has requested to impose an additional burden of more than Rs 250 billion on its consumers. OGRA will hold a public hearing on SNGPL’s proposal on November 26. According to Oil and Gas Regulatory Authority (OGRA), Sui Northern has demanded an increase of Rs 773.50 per MMBTU in gas price…
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KARACHI: Fun fact: between 1960 and 1990, Pakistan’s GDP growth was higher than that of South Asia for all but just five years. In the last 30 years, however, it has been higher in only two annual readings, according to World Bank data. A remarkable reversal for a country that posted its highest population growth rate in the 1980s, suggesting…
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In a release Colorado, U.S.-based Transitional Energy announced it has received a $500,000 Advanced Industries Grant from the Office of Economic Development and International Trade (OEDIT). OEDIT provides these grants to proof-of-concept and early stage companies to support the commercialization of innovative technologies and products that support the Colorado economy. Transitional Energy will use these funds to support the development…
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ISLAMABAD: The crucial round of talks between the government and IPPs to turn the MoUs into amended Power Purchase Agreements (PPAs) will start from tomorrow (Tuesday) on Payment Mechanism of dues that has been finalised by top notches of the Power Division and finance ministry with the World Bank, a top official of the Power Division told The News. “As…
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More than 1400 students, engineers and energy-sector professionals from Pakistan, South Asia and across the globe participated in the first ever digital job fair during the pandemic time. This two-day event is organized byWomen In Energy Pakistan (WIE) in partnership with fellow women-led communities,Women Engineers Pakistan, Women In Tech PK, and Code Girls, to promote workforce participation of women in…
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Minister for Planning, Development and Special Initiatives Asad Umar Monday said that review in agreements with Independent Power Producers (IPPs) would help reducing the per unit price of electricity by over Rs 1.4. In 2022, the price would go down by Rs 0.74 while in 2023, it would be cut by Rs 0.66 per unit, the Minister said while talking…
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A short boat ride from the shores of Karachi, stately mangrove trees hug the quiet shores of an island inhabited solely by a few camels that environmentalists say provides vital coastal protection to Pakistan’s largest city. But the calm of Bundle Island is at risk, with Prime Minister Imran Khan determined to turn it into an enormous real-estate project to…
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