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Manager | Consulting–Business Operations
Partner | Consulting – Business Operations | Future of Energy Practice
President
Senior Energy Specialist
CEO [Moderator]
Energy is a critical enabler of economic development and poverty reduction in Pakistan. However, the energy sector is not adequately fulfilling this role due to persistent fiscal, reliability, and security challenges. Previous power shortages are estimated to have resulted in annual lost output of over $8 billion, and the country has a fossil fuel import bill of around $13 billion per year which is likely to increase over time based on current trends. There is significant use of imported coal, especially in industry, and the country suffers from relatively high energy intensity of GDP. Furthermore, Pakistan’s transport sector is on a fundamentally unsustainable expansion pathway, the country is far away from achieving universal access to modern energy, and energy emissions are the largest source of GHG emissions in the country – and thereby a major contributor to growing air pollution concerns.
Nevertheless, there is huge potential for transitioning to more secure, environmentally sustainable, and lower cost sources of energy that take advantage of Pakistan’s excellent hydropower, solar and wind potential combined with a massive improvement in supply and demand-side efficiency, efforts to decarbonize industry and transport, and sustained structural and fiscal reforms.
The World Bank has commissioned a study to explore decarbonization pathways in the South Asia region and estimate the financing required for the necessary transition within the energy and transport sectors. This webinar will present interim analysis and findings from that study for Pakistan, with a particular focus on:
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Head of Research and Policy
Energy Policy Manager
Senior Energy Specialist (Moderator)
