ISLAMABAD, OCT 29 /DNA/ – Pakistan is all set to have a diverse representation at 26th Conference of the Parties (COP-26 in Glasgow where the key negotiations would open up with debate on developing countries’ plight of bearing the brunt of environmental degradation caused by the developed countries, said Executive Director of Sustainable Development Policy Institute (SDPI), said Dr Abid Qaiyum Suleri at a pre-COP-26 briefing held by SDPI.
The year the conference is going to have an extraordinary representation of civil society, parliamentarians, think tanks, and private sector from across the globe.
He went on to say that the developed countries during the moot would focus on emerging economies like China, India, Brazil and South Africa to reduce their carbon emissions and provide a financing work plan for chipping in global climate change mitigation efforts.
The SDPI’s study on Green Recovery during COVID-19 in Power and Energy Sectors. Dr Hina Aslam and Dr Sajid Amin, authors of the study, underpinned the outcomes and recommendations of their research that suggested an ambitious opportunity to convincingly reduce emissions and debt burden through investments in renewable energy projects.
Earlier, SDPI held a discussion ‘Green Financing and Economic Recovery of Pakistan’ in the backdrop of climate goals for COP-26.
Speaking on the occasion, Secretary Power Division, Ministry of Energy, Mr Ali Raza Bhutta, asserted that the energy mix of Pakistan is very healthy as around 29% of electricity is coming through hydropower. Likewise, the contribution of solar, wind and biogas is projected to increase significantly in future.
Mr Shah Jahan Mirza, Managing Director, Private Power, and Infrastructure Board (PPIB) informed the participants that the Government of Pakistan has shown a strong commitment towards increasing the share of renewable energy through HRE Policy 2019 which targets to increase the renewable energy share in power generation to 20% by 2025 and 30% by 2030.
Dr Sardar Mohazzam, Managing Director, National Energy Efficiency and Conservation Authority (NEECA) explained the role of energy efficiency and conservation in green recovery and said that it has been missing from the landscape of energy planning. Mr Faisal Sharif, Director, Project Appraisals, Private Power & Infrastructure Board, suggested that the green stimulus can accelerate the transition towards green and clean energy, simultaneously spurring green economic recovery and growth by creating millions of jobs and putting emissions into structural decline.
Mr M Ali Kemal, Chief SDGs, Planning Commission of Pakistan, emphasized on the debt swaps and green financing mechanisms to support green recovery from Covid-19. Ms Kashmala Kakakhel, Climate Finance Specialist, was of view that there is need to further address all the relevant SDGs of the country such as poverty as green recovery is not only about Net Zero.
Mr Hartmut Behrend, Coordinator Pakistan-German Climate and Energy Initiative, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), Dr Sajid Amin Javed, Research Fellow & Head, Policy Solutions Lab, SDPI, and Dr Fareeha Armughan also shared their views with the participants, especially about green financing and climate finance mechanism.