• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Sunday, May 11, 2025
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

Climate change: Senate committee pushes for ‘stronger’ renewable energy, EV initiatives – Markets

January 30, 2025
in Business
Climate change: Senate committee pushes for ‘stronger’ renewable energy, EV initiatives - Markets
Share on FacebookShare on TwitterWhatsapp

The Senate Standing Committee on Climate Change pressed for stronger renewable energy (RE) and electric vehicle (EV) initiatives to combat climate crisis in a meeting on Wednesday, an official statement stated.

The committee, led by Senator Sherry Rehman, convened to assess Pakistan’s climate strategy, focusing on RE, EV, and water scarcity.

During the meeting, Senator Rehman “criticised Pakistan’s lagging EV production, noting that only 60,000 EVs have been produced against a 600,000 target”, the statement read.

Electric vehicles will account for up to half of auto sales by 2030, BYD Pakistan says

She also highlighted that the transport sector “contributes 48% to air pollution, making EV adoption critical”.

Meanwhile, the Ministry of Industries faced scrutiny during the meeting for “lacking data on local EV production and charging stations”, as per the press release.

Pakistan aims to install 3,000 EV charging stations by 2030, but only eight have been established, the meeting was told.

“While over 1,000 individuals have registered to set up new stations, Senator Rehman urged faster expansion. She also called on banks to introduce EV financing to enhance accessibility.

The committee also urged stronger incentives for solar, wind, and hydro energy investment, while lauding the closure of five costly, high-emission furnace oil power plants (2,500 MW capacity).

Senator Rehman stressed solar-powered irrigation as a solution, given the “harmful effects of current drip irrigation systems”.

NEV policy tailored to meet national priorities: MoI&P

Federal Minister for Power Sardar Owais Leghari and other stakeholders briefed the committee on progress and challenges. He emphasised plans to convert two- and three-wheelers, along with diesel vehicles, to electric.

The committee recommended to expand EV charging stations and incentivise private investment, promote renewable energy adoption in homes and businesses, ramp up local EV production to meet policy targets, enforce energy-efficient building codes nationwide, and encourage energy-efficient transport, and public transit use.

The Senate Standing Committee on Climate Change pressed for stronger renewable energy (RE) and electric vehicle (EV) initiatives to combat climate crisis in a meeting on Wednesday, an official statement stated.

The committee, led by Senator Sherry Rehman, convened to assess Pakistan’s climate strategy, focusing on RE, EV, and water scarcity.

During the meeting, Senator Rehman “criticised Pakistan’s lagging EV production, noting that only 60,000 EVs have been produced against a 600,000 target”, the statement read.

Electric vehicles will account for up to half of auto sales by 2030, BYD Pakistan says

She also highlighted that the transport sector “contributes 48% to air pollution, making EV adoption critical”.

Meanwhile, the Ministry of Industries faced scrutiny during the meeting for “lacking data on local EV production and charging stations”, as per the press release.

Pakistan aims to install 3,000 EV charging stations by 2030, but only eight have been established, the meeting was told.

“While over 1,000 individuals have registered to set up new stations, Senator Rehman urged faster expansion. She also called on banks to introduce EV financing to enhance accessibility.

The committee also urged stronger incentives for solar, wind, and hydro energy investment, while lauding the closure of five costly, high-emission furnace oil power plants (2,500 MW capacity).

Senator Rehman stressed solar-powered irrigation as a solution, given the “harmful effects of current drip irrigation systems”.

NEV policy tailored to meet national priorities: MoI&P

Federal Minister for Power Sardar Owais Leghari and other stakeholders briefed the committee on progress and challenges. He emphasised plans to convert two- and three-wheelers, along with diesel vehicles, to electric.

The committee recommended to expand EV charging stations and incentivise private investment, promote renewable energy adoption in homes and businesses, ramp up local EV production to meet policy targets, enforce energy-efficient building codes nationwide, and encourage energy-efficient transport, and public transit use.

Tags: Climate changeElectric vehiclesElectrical VehiclesMinistry of Climate ChangeNEV policyrenewable energySenate Standing CommitteeSenate Standing Committee on Climate Change
Share15Tweet10Send
Previous Post

Trump administration to cancel student visas of all ‘Hamas sympathizers’, White House says

Next Post

Rupee registers marginal gain against dollar

Related Posts

Hyundai launches All-new TUCSON Hybrid, deliveries commence nationwide - Business & Finance
Business

Hyundai launches All-new TUCSON Hybrid, deliveries commence nationwide – Business & Finance

May 11, 2025
Economic reforms, transformation: Aurangzeb briefs leading global investors - Business & Finance
Business

Economic reforms, transformation: Aurangzeb briefs leading global investors – Business & Finance

May 10, 2025
Mari Energies announces first gas discovery at Soho-1 well in Sindh - Business & Finance
Business

Mari Energies announces first gas discovery at Soho-1 well in Sindh – Business & Finance

May 10, 2025
Europe’s STOXX 600 up, Germany’s DAX at record peak on trade deal optimism - Markets
Business

Europe’s STOXX 600 up, Germany’s DAX at record peak on trade deal optimism – Markets

May 9, 2025
Pakistan rupee depreciates further against US dollar - Markets
Business

Pakistan rupee depreciates further against US dollar – Markets

May 9, 2025
Palm gains capped as weekly loss stretches to second week - Markets
Business

Palm gains capped as weekly loss stretches to second week – Markets

May 10, 2025

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    126 shares
    Share 50 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    45 shares
    Share 18 Tweet 11
  • Saudi Arabia Launches World’s First Self-Driving Flying Taxi to Transport Hajj Pilgrims

    42 shares
    Share 17 Tweet 11
  • SingTel annual profit more than halves on $2.3bn impairment charge

    42 shares
    Share 17 Tweet 11
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.