Latest news with #EnergyTransitionRoadmap
Business Recorder
3 days ago
- Business
- Business Recorder
CERP and Princeton launch energy transition roadmap
ISLAMABAD: In a significant step toward building a sustainable and resilient energy future, the Centre for Economic Research in Pakistan (CERP) and researchers from Princeton University have initiated a project to develop a long-term energy transition planning framework for Pakistan. The initiative comes at a time when Pakistan's energy sector faces high costs, volatility, and an overreliance on imported fossil fuels, which account for nearly 60% of the country's energy supply. Outdated infrastructure, inefficient management, and transmission bottlenecks have contributed to persistent power shortages and a growing circular debt crisis, issues that the roadmap aims to address while planning for future growth, sustainability, and climate resilience. The launch event, 'Pakistan's Energy Transition Roadmap,' was part of a two-day workshop, the final of a three-part capacity-building and learning series, which brought together over 50 policymakers, researchers, and private-sector experts. Drawing on Princeton's Net-Zero project expertise, this initiative will provide Pakistan with practical, evidence-based guidance on how to equitably move from reliance on expensive, imported fossil fuels to cleaner, more affordable energy sources aligned with economic growth and development goals. Pakistan's power sector indigenization need of the hour: Awais Leghari Speaking at the event, Federal Minister for Energy SardarAwais Ahmad Khan Leghari emphasized the need for an integrated plan. 'The Energy and Petroleum Division are working separately, but for the plan to be truly effective, it needs to be built on real, credible data...I believe we need to formalize this relationship with CERP to help us plan better and gain valuable insights from their experts. CERP is uniquely positioned to advise us and help us identify the issues they have expertise in.' The Minister added. Bilal Anwar, CEO of the National Disaster Risk Management Fund (NDRMF), added that climate risks and natural disasters make planning ahead more urgent than ever to avoid future social and economic costs. 'This project isn't about imposing ideas, it's about co-creating a roadmap that respects Pakistan's unique challenges while exploring practical opportunities for cleaner, more affordable energy. At CERP, we ensure that every step we take is rooted in rigorous evidence, so that solutions are grounded in real data and tailored to Pakistan's specific needs,' said Maroof A. Syed, President & CEO of CERP. Reflecting on his three years with this workshop series, Dr Chris Greig, Senior Research Scientist at Princeton's Andlinger Center for Energy and Environment, noted, 'These discussions with participants, sector specialists, policymakers and other stakeholders have been valuable in helping us understand the real challenges and the urgency of finding context-specific solutions that work for Pakistan's economy and people. They also help us think about development-compatible pathways to Pakistan's sustainable energy future.' Over the last three years, the Julis-Rabinowitz Center for Public Policy & Finance at Princeton SPIA has cosponsored this workshop series. Pallavi Nuka, the Center's Associate Director said, 'Initially focused on capacity building, these workshops have directly contributed to catalyzing significant thinking about Pakistan's energy policies and fostered valuable collaborations. Building on this foundation, this initiative will help policymakers understand the bigger picture when it comes to planning for Pakistan's future energy needs.' The roadmap project, now beginning its detailed work, will explore multiple, development-compatible pathways to meet Pakistan's growing energy demand, reduce environmental and economic costs, and identify investment opportunities in renewables that support climate resilience. Copyright Business Recorder, 2025
New Straits Times
22-04-2025
- Business
- New Straits Times
DPM Fadillah pays courtesy call on Turkiye Vice-President
ANKARA: Deputy Prime Minister Datuk Seri Fadillah Yusof began his official working visit to Turkiye by paying a courtesy call on Turkiye Vice-President Cevdet Yilmaz at the Presidential Complex here today (April 22). The arrival of Fadillah, who is also Energy Transition and Water Transformation Minister, at 10am local time (3pm Malaysia time) was received personally by Yilmaz. During the one-hour meeting, Fadillah was accompanied by Malaysian Ambassador to Turkiye Sazali Mustafa Kamal and of Energy Transition and Water Transformation Ministry's deputy secretary-general (energy) Mareena Mahpudz. Representing the Turkish side were Deputy Foreign Affairs Minister Berris Ekinci, Deputy Energy and Natural Resources Minister Ahmet Berat Conkar, economic coordinator to the Turkiye Vice-President Ahmet Oguz Sarica, and Foreign Affairs Advisor to the Vice-President Ebubekir Dursun. Fadillah arrived here on Monday for an official working visit starting today until tomorrow. The visit is a follow-up to President Recep Tayyip Erdogan's official visit to Malaysia on Feb 10 and 11. Fadillah later paid a courtesy call on Turkiye's Energy and Natural Resources Minister Alparslan Bayraktar to explore potential cooperation in the field of energy transition following the exchange of letters of intent between the governments of Malaysia and Turkiye. Also in attendance was Tenaga Nasional Bhd chief new energy officer Mohd Zarihi Mohd Hashim. As part of his itinerary, the deputy prime minister is scheduled to visit the GEAS Company in Istanbul on Wednesday to explore potential cooperation that can be implemented in this strategic field. Turkiye is one of the largest countries in renewable energy production in Europe and worldwide, with the ability to generate more than 50 per cent of its electricity capacity from clean energy sources, such as solar, hydroelectric, and geothermal, according to the ministry. After completing his visit to Turkiye, Fadillah will lead the Malaysian delegation to participate in the Summit on the Future of Energy Security from April 24 to 25 in London, organised by the International Energy Agency (IEA) and the United Kingdom (UK) government. The international summit will bring together global leaders, policymakers, and energy stakeholders to discuss pressing issues concerning energy security, supply stability, geopolitical challenges, and technological advancements. High-profile participants include UK Prime Minister Sir Keir Starmer, Secretary of State for Energy Security and Net Zero Ed Miliband, and IEA executive director Dr Fatih Birol. According to the ministry, the main focus of the summit will be on the security of energy sources and supply, including mapping the energy security landscape, as well as identifying risks, opportunities and actions in ensuring the security of energy sources and supply. It said that through the summit, Malaysia's existing policies and direction, especially regarding the Energy Transition Roadmap, along with its efforts and commitment to implementing energy generation using clean fuel sources and green technology in the future, will be highlighted. In addition, the bilateral relationship between Malaysia and the UK will be strengthened through exploring potential collaboration and cooperation, particularly in policy formulation, regulation and legislation, as well as understanding the challenges and best solutions to ensure the security and reliability of energy supply. Fadillah will also hold bilateral discussions with Energy Ministers and heads of international energy organisations. This opportunity will be best utilised to promote Malaysia as an investment destination and provide opportunities for various stakeholders to gain clarity on the country's policies and direction, particularly in developing the energy sector and low-carbon technology to support the country's energy transition aspirations.
