Analyzing Pakistan’s Renewable Energy Potential: A Review of the Country’s Energy Policy, Its Challenges, and Recommendations

Yongrong Xin, Muhammad Khyzer Bin Dost, Hamza Akram and Waqas Ahmad Watto ()
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Yongrong Xin: Business School, Jiangsu Open University, Nanjing 210036, China
Muhammad Khyzer Bin Dost: Lahore Business School, University of Lahore, Lahore 54590, Pakistan
Hamza Akram: School of Economics and Management, North China Electric Power University, Beijing 102200, China
Waqas Ahmad Watto: Department of Commerce, Bahauddin Zakariya University, Multan 60010, Pakistan

Sustainability, 2022, vol. 14, issue 23, 1-18

Abstract: Pakistan’s dependence on imported fuels has led to a massive electrical shortfall, stifling the country’s socioeconomic growth. Pakistan’s energy gap is between 5000 and 8000 megawatts (MW), with a 6–8% yearly growth predicted, therefore, it needs more sustainable and renewable energy sources. Pakistan uses solar, wind, hydropower, and biomass for renewable energy. Pakistan needs cheap energy to support its economic growth. Most of the world’s energy is currently conventionally produced. The objective of this research is to analyze the opportunities that are afforded by renewable energy sources as well as the role that the government plays in the process of policy formulation. An examination of qualitative data from research works, journals, and government annual performance reports is presented. This study investigates renewable energy sources and government policy. According to the study, renewable energy resources are abundant. The renewable energy plan has no effect on real implementation. This research paper examines electricity restrictions, the transition to renewable energy sources, and Pakistan’s renewable energy policy difficulties. After analyzing the nation’s renewable energy potential, practical implications were made to promote it, for example 1710-megawatt wind installations. There are currently 217-megawatt biogas power stations being developed. Accelerating the energy transition to the nation’s future energy perspectives is a priority for sustainable development.

Keywords: renewable energy; energy perspective; readiness assessment; power policies and frameworks (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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