An overview of global renewable energy trends and current practices in Pakistan—A perspective of policy implications
Mehran Idris Khan, Imtiaz Ahmed Khan, Yen‐Chiang Chang
Abstract
Sustainable, efficient, and affordable energy supply embraces a strong relationship with socio-economic development, specifically in developing countries. Pakistan has been facing an energy crisis in the form of expensive electricity generation by largely depending upon fossil fuels and experiencing power shortages. This paper offers a thorough analysis of Pakistan's renewable energy (hereinafter RE) potential and current practices, in trying to meet its energy demands. There is a limited academic discussion available concerning the utilization of RE resources of Pakistan to produce cost-effective and cost-competitive energy, including the formulation of pertinent laws and policies. This study adopts qualitative means to investigate global trends and current practices in renewables, followed by concrete observations and recommendations to improve the situation in Pakistan. The objective of the study is, therefore, to establish the significance of renewables and to examine possible solutions available to the government of Pakistan in addressing its energy crisis. The study concludes by suggesting that there is an urgent need to follow the global trend in replacing conventional energy methods with the country's extensive RE resources in order to ensure sustainable economic security and growth.