EconPapers    
Economics at your fingertips  
 

Financing of Energy Sector: A Case of Green Energy in Pakistan

Raza Ali Khan, Mirza Faizan Ahmed () and Shabbir Ahmed ()
Additional contact information
Raza Ali Khan: NED University of Engineering and Technology
Mirza Faizan Ahmed: NED University of Engineering and Technology
Shabbir Ahmed: NED University of Engineering and Technology

Chapter Chapter 19 in The Palgrave Handbook of Green Finance for Sustainable Development, 2024, pp 535-556 from Palgrave Macmillan

Abstract: Abstract Sustainable Development Goal Seven highlights the role of green energy in reducing greenhouse gas emissions, which ensures access to affordable, reliable, sustainable, and modern energy for all. Renewable energy financing is considered green finance because it protects against environmental degradation. Pakistan's government (GoP) considers this goal a high priority basis. This chapter aims to analyze the direction of green financing in Pakistan's energy sector. This chapter focuses on domestic and international funding at the national and sub-national levels and compares the generation capacity. The chapter highlights that Pakistan contributes less than one percent to greenhouse gas emissions. However, at the policy level, the GoP has taken many initiatives to protect the adverse impact on the environment. For instance, in a recent energy policy, the GoP has committed to generating 60 percent of energy through renewable sources. The chapter further reveals that 38 percent of domestic finance has been given toward renewable energy in the past few years compared to 45 percent of international finance given to hydel-related energy projects in Pakistan. In addition, domestic financing is focused toward Nuclear power compared to international finance, which focuses on the renewable energy sector. The chapter proposes that the Government of Pakistan (GoP) could develop a comprehensive, long-term integrated energy policy. This would involve engaging all stakeholders, experts, and academia to collectively promote the adoption of green energy initiatives in the country.

Keywords: Green financing; Renewable energy; Sustainable development goals; Environment and energy policy (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-3-031-65756-6_19

Ordering information: This item can be ordered from
http://www.palgrave.com/9783031657566

DOI: 10.1007/978-3-031-65756-6_19

Access Statistics for this chapter

More chapters in Palgrave Studies in Impact Finance from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-31
Handle: RePEc:pal:psifcp:978-3-031-65756-6_19