Just look at what almost one degree Celsius of warming has done: more extreme heat and wildfires, bigger storms and droughts, hotter and higher seas, warmer summers and winters. Many animals and plants are shifting to new areas, seeking familiar ecosystems elsewhere. Industries and economies are either facing or preparing for impacts. This number matters because every small fraction of…
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A proper price for oil and gas would allow investors to earn returns on their capital while also accounting for the effect carbon emissions have on the planet. The damage from fossil fuels is real, and suppliers and users alike should share in that cost. Reliance on gas and oil for our energy needs is unsustainable, both environmentally and geopolitically.…
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Global body urges Pakistan to exempt energy sector SMEs from competitive bidding system to ensure their survivalKarachiThe World Wind Energy Association (WWEA) has urged Pakistan’s government to preferably exempt the small and medium-sized power companies from the competitive bidding system soon to be introduced in the country for new renewable energy projects.The WWEA put forward this suggestion as its Secretary-General,…
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The Alternative Energy Development Board (AEDB) has aimed to commence from April 2022 the process of competitive bidding for launching new solar and wind power projects to increase the share of clean electricity in the national energy mix to 61 per cent as per the Indicative Generation Capacity Expansion Plan (IGCEP) 2021-2030.This was stated by Chief Executive Officer of AEDB,…
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Pakistan, Barrick gold and the, and Govt of Balochistan have reached agreement on a framework that provides for the reconstitution of the Reko Diq project in the country’s Balochistan province. The project, which was suspended in 2011 due to a dispute over the legality of its licensing process, hosts one of the world’s largest undeveloped open pit copper-gold porphyry deposits.The…
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THE FATE OF the UK’s West Burton A power station was supposed to be sealed. It is one of only three remaining coal plants in a country committed to phasing out coal completely by 2024. Last March, the plant’s future was bleak. Its owner, the French power company EDF, announced the site would close for good in September 2022. EDF…
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The build-up of Russian troops on Ukraine’s borders and the subsequent brutal invasion has sent European leaders rushing to find new sources of natural gas to replace at least a significant part of the 155 billion cubic meters of gas that the European Union imported from Russia last year — around 40% of its total consumption. But securing new pipeline…
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The war in Ukraine has forced a rethink of where we get our energy from as Europe tries to wean itself off Russian gas. But could super-sized heat pumps help to heat thousands of homes and businesses? Two huge schemes are about to be switched on in Gateshead and London – and the hope is they could provide a greener…
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A cash-strapped Power Division has reportedly decided to seek Prime Minister’s help to recover arrears of Rs 111 billion from Federal and Provincial Governments, well informed sources told Business Recorder. The sources said that regarding Rs 20.364 billion arrears of the federal government, Defence Ministry is on top of the list of defaulting federal ministries with arrears of Rs 11.5 billion,…
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The Lahore Chamber of Commerce & Industry has called for an up-to-date power transmission and distribution system to avoid whopping shut-downs in hot summer season. In a statement, the LCCI President Mian Nauman Kabir said that country has witnessed huge power supply suspensions in past that pushed the country into darkness. He said that various small and large scale power…
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