Pakistan will require nearly $566 billion in investment to deliver on its latest climate commitments by 2035, according to a briefing on green finance and sustainability disclosure frameworks held in Karachi on Wednesday. Read More: Pakistan, UK seal £35m Green Compact to boost climate resilience The country’s updated Nationally Determined Contributions (NDC) 3.0 outline a 17 percent […]
renewable energy
UAE-EU free trade talks speed up, fourth round this week
The United Arab Emirates (UAE) and the European Union (EU) are making swift progress in their free trade negotiations, according to UAE state minister Lana Nusseibeh. Speaking at a briefing with an EU commissioner, Nusseibeh emphasized the “very productive conversations” between both sides. The ongoing talks, which began earlier this year, cover a range of […]
Solar system prices drop in Lahore as rooftop surge reshapes power demand
LAHORE – Solar panel system prices in Lahore have fallen significantly, offering major relief to households and industries looking to shift toward renewable energy. According to reports, prices of 5 kW to 15 kW systems have dropped by up to Rs150,000, making solar installations more accessible for consumers. Read More: Govt policy sparks major decline […]
Sindh CM unveils record Rs1.018trn development plan
KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Thursday reviewed the provincial development portfolio for fiscal year 2025-26, unveiling a record Rs1.018 trillion plan. The meeting at the Chief Minister House focused on major allocations for Karachi’s water, sanitation, roads, mass transit, and post-flood rehabilitation projects. Read More: CM Murad fast-tracks Karachi roads with […]
India launches ₹72.8bn plan to cut dependence on rare earth magnet imports
India has approved a massive ₹72.8 billion ($815.74 million) programme to manufacture rare earth permanent magnets domestically, marking a major strategic step toward reducing its reliance on imports. The announcement was made by Information Minister Ashwini Vaishnaw following a cabinet meeting on Thursday. Read More: China’s rare earth export curbs threaten India’s EV future The government stated that […]
Pakistan’s renewable future hindered by weak power grid: UN
ISLAMABAD: Pakistan’s vast potential for solar and wind energy gives it a strong foundation to move towards low-cost, carbon-free electricity, but outdated and fragile grid infrastructure poses a major challenge, according to a new United Nations report. The 2025 Review of Climate Ambition in Asia and the Pacific, released by the UN Economic and Social […]
Lula: Earth can no longer sustain humanity’s dependence
BELEM, Brazil: Brazil’s President Luiz Inacio Lula da Silva issued a stark warning on Friday, urging a rapid transition away from fossil fuels to prevent climate catastrophe. Speaking at a summit in the Amazon ahead of COP 30, Lula said humanity could no longer sustain the centuries-old development model reliant on coal, oil, and gas. […]
China unveils 2035 climate goals ahead of COP30
BANGKOK – China, the world’s largest emitter of greenhouse gases, is also leading the global shift toward clean energy by installing more renewable power and putting more electric vehicles on its roads than any other country. Ahead of the COP30 climate talks in Brazil, Beijing has outlined its latest climate commitments aimed at balancing growth with […]
Meta acquires 1GW solar power to fuel AI ambitions
Tech giant Meta has signed a deal to acquire around 1 gigawatt of solar power, further expanding its renewable energy portfolio to over 3 gigawatts this year, as the company seeks to support its growing artificial intelligence operations. Meta finalized two agreements in Louisiana to purchase the environmental attributes of 385 megawatts of electricity, with […]
Govt mulls halving solar net metering rate amid rising grid costs
ISLAMABAD — The government is considering a major revision to Pakistan’s solar net metering policy, proposing to slash the buyback rate from Rs22 per unit to around Rs11.30, The News reported on Friday. The move follows concerns that the current rates are burdening grid electricity consumers with rising costs. Official data shows that the rapid […]