ISLAMABAD, Feb 3 (UrduPoint / Pakistan Point News - 3rd Feb, 2023 ) :Managing Director of National Energy Efficiency and Conservation Authority (NEECA), Dr Sardar Mohazzam on Friday said the government was contemplating releasing energy-saving certificates and energy conservation bonds for the technological upgradation in the industries.
He was addressing a public-private dialogue on 'Decarbonizing Pakistan Cement Sector: Pathways to lever net zero targets' organized by the Sustainable Development Policy Institute (SDPI) under the auspices of its Network for Clean Energy Transition in Pakistan: Research and Advocacy.
Dr Mohazzam said that the cement sector had immense potential for decarbonization and for improving energy efficiency.
"We must analyze and take inspiration from policy initiatives being implemented in India and China," he added.
He reiterated, "Energy security is a top priority of the government, but pricing remained a pertinent challenge in the uptake of renewables and decarbonization of hard-to-abate sectors." He further said that a designated consumer regime equipped with benchmarks and energy audits to catalyze uptake of renewables and emission reduction from industrial sector was in the pipeline and would soon set the right regulatory direction for the sector.
Executive Director, Pakistan Environment Trust (PET), Talha Khan said there was a need to introduce tax incentives for the cement sector. He added that the insignificant foreign investment was not...
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