Karachi: The National Forum for Environment and Health (NFEH) has demanded that a national-level emergency should be declared to tackle the problem of marine pollution as the recent sighting of coral bleaching near Charna Island shows that serious environmental issue is getting worse every passing day. In a press statement issued on Friday, NFEH President Muhammad Naeem Qureshi said that…
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LNG spot market cold-shoulders Pakistan
ISLAMABAD: In a major setback to gas-starved consumers, Pakistan could not get even a single bid for three LNG (liquefied natural gas) cargoes meant for the first half of January and attracted the highest price for the second half of the month mainly because of delayed tenders amid rising international prices. Pakistan LNG Limited (PLL) had issued tenders for six…
Read MoreUK firms keen to invest in energy sector
The government has set ambitious targets to introduce 20% renewable energy by 2025 and 30% by the end of 2030, said Special Assistant to Prime Minister on Petroleum Nadeem Babar during a meeting with British High Commissioner Dr Christian Turner on Thursday. The SAPM shared the structural reforms being carried out in the energy sector in view of the new…
Read MoreLNG tankers heading to Britain, Belgium and the Netherlands
The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the coming weeks. Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are updated below. Some tankers heading for Belgium and Britain may be loading at the terminal. Those expected to load are indicated with…
Read MoreTAP pipeline explores feasibility of blending hydrogen
MILAN: Developers of the Trans Adriatic Pipeline (TAP) have started feasibility studies on blending hydrogen with the natural gas the pipeline will bring in from Azerbaijan, the TAP head said. “The company has kicked off a technical study and we hope to be in a position to make a first assessment by the end of June next year,” TAP managing…
Read MoreNext five years’ economic growth not encouraging
ISLAMABAD: With the highest population growth rate in the region, Pakistan is already the fifth most populous nation in the world but the economic growth outlook at least for the next four to five years is not encouraging. “Pakistan needs a high economic growth rate, 7-8 per cent, for the next 30 years to absorb the new entrants to the…
Read MoreWorld Bank approves $300m loan
ISLAMABAD: The World Bank has approved a $300 million loan to help Pakistan address issues of climate change, health emergency and manage solid waste to reduce flooding chances in the largest city of the country. The Washington-based lender approved $200 million for the Sindh Resilience project and $100 million for the Solid Waste Emergency and Efficiency project, according to an…
Read MoreChevron CEO says company is embracing, investing in a lower carbon energy system
Chevron has taken steps to lessen the oil and gas giant’s dependence on fossil fuels, laying a path to an energy system with a reduced carbon footprint, CEO Mike Wirth told CNBC’s Jim Cramer Wednesday. “We embrace a lower carbon future. We expect a lower carbon energy system,” Wirth said in a “Mad Money” interview. “The energy system’s always been…
Read MoreUN report: ‘Woefully inadequate’ climate pledges spell 3.2C temperature rise
World leaders could use the coronavirus pandemic to shave 25% off their greenhouse gas emissions with green recovery packages, according to a report released today by the UN Environment Program (UNEP). But they have so far continued to make choices that push them further away from targets they agreed upon five years ago to protect the climate and their citizens. By burning…
Read MoreKakapir Women Lead Mangroves’ Protection
In Kakapir, a fishing village located around 15 kilometres to the West of Karachi, at least two dozen women spend their days planting mangroves- elongating and strengthening a natural wall against tsunami. Leading the initiative to preserve the natural resource in the area, they realise that them having a secure future is linked to the presence of mangroves. “It’s a…
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