Both renewable energy and improving energy efficiency have
major impacts on our energy future. However, I would say that improving energy
efficiency has a greater impact in the short term.
Here are some reasons why:
It is more cost-effective. The cost of energy efficiency measures has been declining for years, and they are now often cheaper than the cost of building new power plants. For example, the cost of installing energy-efficient…
The 2022 oil crisis is a global energy crisis that began in
2021 and has been exacerbated by Russia's and Ukraine’s war in February 2022.
The crisis is caused by a combination of factors, including:
The COVID-19 pandemic: The pandemic caused a sharp drop in energy demand in 2020, which led to a decrease in oil production. As economies have reopened, oil demand has rebounded, but production has not kept pace.
The war in…
Pakistan is a country
with a growing population and a rapidly expanding economy. This has put a
strain on the country's energy infrastructure, which is heavily reliant on
imported fossil fuels. In order to meet its growing energy needs and reduce its
reliance on imported fuels, Pakistan is increasingly turning to renewable
energy sources.
Four leading Pakistani state-owned oil
companies signed a Memorandum of Understanding (MoU) on July 28, 2023 with
Saudi Aramco to collaborate on a $10 billion greenfield refinery project at the
Gwadar Port. The MoU was signed by the CEOs of the four Pakistani companies:
MODERN lifestyle would not have evolved without the widespread use of fossil fuels over the past century. The burning of coal, oil, and gas increased overall global prosperity, but their unabated greenhouse gas emissions were hardly priced in the economic growth model. And as mankind grapples with climate change in the so-called Anthropocene Age, the energy sector is decarbonizing and decentralizing in a fundamental shift.
Prime Minister Shehbaz Sharif of Pakistan has made several
statements regarding the country's economic and energy situation. Here are the
key points from his remarks:
Prime Minister Shehbaz Sharif stated that Pakistan has
managed to avoid a 'sovereign default.' This means that the country was able to
meet its debt obligations and did not default on its loans.
Improvements in Agriculture and Energy Sectors: The Prime Minister mentioned recent improvements…