Renewable Energy and Oil: The Future Aspects of Pakistan’s Economy
Daily Times article about energy situation in Pakistan. Excerpts below.
Gas and oil have 65% to 67% share in conventional electricity generation. Indigenous reserves of oil and gas are limited and the country heavily depends on imported oil. So once again energy requirements of Pakistan are not up to the demand .At the moment only 55% to 56 % of Pakistan’s population has access to electricity. Now that is a bleak picture
Energy security often hangs in a fragile balance because of oil supply and demand laws and oil volatility. Burning of Fossil fuel also contributes to Air pollution and increase in the Green house effect and robbing us of precious Carbon footprints.
According to the Islamabad own estimates by 2015 power demand in Pakistan will be nearly 22 percent greater than anticipated supply. By 2030, this energy deficit will be 64 percent. Now these are threatning figures and estimations especially when we need a jump start economy as fast as possible.
