The Managing Director of the National Energy Efficiency and Conservation Authority (NEECA) Dr Sardar Mohazzam on Friday said that the government was contemplating to release energy-saving certificates and energy conservation bonds to encourage technological up-gradation in the industries
ISLAMABAD, (UrduPoint / Pakistan Point News - 3rd Feb, 2023 ) :The Managing Director of the National Energy Efficiency and Conservation Authority (NEECA) Dr Sardar Mohazzam on Friday said that the government was contemplating to release energy-saving certificates and energy conservation bonds to encourage technological up-gradation in the industries.
He made the remarks while speaking at a dialogue on "De-carbonizing Pakistan Cement Sector: Pathways to lever net zero targets" organized by the Sustainable Development Policy Institute (SDPI) under the auspice of its Network for Clean Energy Transition in Pakistan: Research and Advocacy.
Dr Mohazzam further said that the cement sector held immense potential for de-carbonization and energy efficiency and "we must analyze and take inspiration from policy initiatives being implemented in India and China." He reiterated that energy security was a top priority for the government, but pricing remained a pertinent challenge in the uptake of renewable and de-carbonization of hard-to-abate sectors.
The Executive Director, Pakistan Environment Trust (PET) Talha Khan said that the carrot and stick approach would not work, as the government had not...
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