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Clean Energy and Electricity Market Transformations, Pakistan’s Journey - Challenges & Ways Forward
27 January 2022 - 27 January 2022
1:00PM - 2:00PM
All DEI seminars will take place on Zoom until further notice.
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Free
All DEI seminars will take place on Zoom until further notice.
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Clean Energy and Electricity Market Transformations, Pakistan’s Journey - Challenges & Ways Forward
27 January 2022, ,1-2pm
Muhammad Faisal Sharif, DEI Associate Fellow & Director (Projects) at PPIB, Ministry of Energy, Pakistan
The world economy is facing multifaceted challenges to balance its economic growth to meet the increasing energy demand but with less CO2 emissions transiting towards Low Carbon Economy (LCE). The United Nations Sustainable Development Goal-7 (SDG-7) sets the target to ensure access to affordable, reliable, sustainable and modern energy for all by 2030. The energy end use is the largest source (almost 75%)[1] of GHG emissions, making the energy transition crucial for achieving Net Zero targets. The transition towards LCE is even more complex and challenging for developing country due to number of economic, infrastructure, technical and institutional issues. Currently Pakistan’s Electricity Sector is entering into two transitions i.e. energy transition towards clean and green energy and electricity market transformation from “Single Buyer” to “Multiple Buyers Wholesale Market”. The country is targeting 60% share of renewable and clean energy in overall energy mix by 2030. The webinar will showcase country’s journey towards clean energy through implementation of various policies and massive reforms in energy sector, the multifaceted challenges being faced in the journey and possible ways forward.
Faisal is dynamic energy sector professional having sound exposure and extensive involvement in energy policies, regulatory affairs, renewable energy & environment, electricity market reforms, techno-economic valuation, competitive auctioning etc. He is working as Director (Projects) at PPIB, Ministry of Energy, Pakistan. Being a Commonwealth Scholar, he completed his “M.Sc. in New and Renewable Energy” from Durham University in 2016.
[1] https://ourworldindata.org/greenhouse-gas-emissions