Pakistan Institute of Development Economics

Energy innovations
P & R Vol.2 Issue 5
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Energy innovations (P & R Vol.2 Issue 5)

Publication Year : 2021

Globally energy policies are designed to address the energy trilemma (supply inadequacies, demand inefficiencies and reduction in greenhouse gas emissions). The objective globally pursued is to achieve SDG Goal 7_ access to clean and affordable energy for all. This is pushing for innovative solutions. Global trends suggest increased focus towards renewables, moving from the centralised energy management to the hybrid and off-grid management, electrical vehicles, storage technologies, micro and smart grids. The world’s commitments towards SDG 7 for the reliable, affordable, sustainable, and modern energy access for all till 2030 has led to the increase in the share of renewables in the global energy mix; and an exemplary improvement in energy efficiency. Global trends suggest, almost 50 per cent of electricity in future would be generated from renewable resources. Globally government is a major player in energy investments. In Pakistan, there is no innovation. We are only following world trends. There is no commitment to achieving SDG 7. In Pakistan, there is an “unmet energy demand”, a market of about 80 to 100 million people. These people are largely in rural areas or in semi-urban areas with little urban footprint. Pakistan is one of the most energy-intensive countries with a highly inefficient use of resources.