The second and final day for world leaders at the summit in Glasgow was marked by two deals that could become key tools in the climate fight. The U.S. and European Union’s much-anticipated pledge to cut methane emissions got support from more than 90 countries, though super-polluters China and Russia held out. One hundred countries backed a U.K.-led declaration to…
Read MoreYear: 2021
Climate change is highlighted as a security issue as NATO leader visits COP26
For years, militaries around the world saw protecting their citizens as contradictory to protecting the environment. But the presence of top defense leaders, including NATO’s secretary general, at a U.N. climate change conference on Tuesday suggested that is starting to change. The Tuesday visit from NATO Secretary General Jens Stoltenberg to the Glasgow climate talks was the first time a…
Read MoreIRENA Coalition for Action Press Release: Leading Players at COP26 Call for Immediate Actions to Accelerate Renewable Energy Jobs
more than 130 renewable energy leaders, under the auspices of the International Renewable Energy Agency (IRENA) Coalition for Action, launched a call to action today, encouraging all governments at national, regional, and local levels to ensure access to high-quality, sustainable jobs during the energy transition. Limiting the earth’s temperature rise to 1.5°C by 2050 requires a full decarbonisation of the energy sector.…
Read MoreThar Block II expansion set to become cheapest fuel source for Pakistan – SECM
Sindh Engro Coal Mining Company (SECMC) board has approved the expansion of its Thar Coal Block II Mine to 12.2 million tons per annum (Phase III). With this expansion, coal price of SECMC mine shall reduce to 27 USD/ton. SECMC is expected to complete this expansion by June 2023. At a price of $27 per ton, SECMC Block II coal…
Read MoreAramco Books 158% Surge In Q3 Net Profit On Higher Oil Prices
Saudi state energy giant Aramco booked a net profit of $30.4 billion for the third quarter of the year, up by 158 percent from the third quarter of 2020 on substantially higher crude oil prices. The world’s biggest crude oil company also said it had generated 131 percent higher free cash flow during the reporting period, at $28.7 billion. Cash…
Read MoreMore Disturbing Inflation Data
Inflation continues to bedevil the Pakistani residents three years into the tenure of the Khan administration in spite of repeated public acknowledgements by the Prime Minister and his cabinet members that inflation is a source of concern. In spite of best efforts by the government, reflected by the country’s Prime Minister reportedly raising the issue at every meeting, the inflation…
Read MorePakistan to present diverse agenda around climate change at COP-26: Dr Abid Suleri
Islamabad (30 October 2021): Pakistan is all set to have a diverse representation at 26th Conference of the Parties (COP-26) to the United Nations Framework Convention Climate Change (UNFCCC). The international conference is going to have an extraordinary representation of civil society, parliamentarians, think tanks and private sector from across the globe. The key negotiations at the COP-26 would open…
Read MorePower Generation Capacity Increases By 9.3%; Reliance On Imported Fuel Being Decreased
The country’s power generation capacity witnessed a 9.3 percent increase during the last fiscal year due to prudent policies introduced by the government for gradually switching over to alternative and renewable energy resources. “During the current fiscal year, the government has set a target to get additional 15.2 per cent growth, focusing on alternative and renewable resources,” according to an…
Read MoreGas Compressors Making Law Abiding Consumer’s Lives Miserable
A large number of consumers in Rawalpindi city have installed gas compressors, depriving many fellow citizens from the commodity supply even in routine hours. Some domestic as well as commercial consumers have reportedly installed illegal gas compressors which hedge on gas pressure like water motors � used in summer to enhance water pressure. The price of compressors in the market…
Read MorePM Says ‘No’ To More Fuel Price Hike
Prime Minister Imran Khan on Saturday turned down a proposal of the Oil and Gas Regulatory Authority (Ogra) for increasing fuel prices from November 1. In a summary sent to the prime minister, Ogra had proposed to increase the price of petrol by Rs11.53 per litre, high-speed diesel (HSD) by Rs8.49, kerosene oil by Rs6.29 and light-diesel oil (LDO) by…
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