ISLAMABAD: The government is contemplating releasing energy-saving certificates and energy conservation bonds to encourage technological up-gradation in industry, an official said.
Sardar Mohazzam, managing director of the National Energy Efficiency and Conservation Authority of Pakistan, made the remarks during a seminar on decarbonising the cement sector organised by the Sustainable Development Policy Institute (SDPI), an Islamabad-based think tank.
Mohazzam said that the cement sector holds immense potential for de-carbonization and energy efficiency, and “we must analyse and take inspiration from policy initiatives being implemented in China” in this regard.
He reiterated that energy security is a top priority for the government, but pricing remains a pertinent challenge in the uptake of renewables and de-carbonisation of hard-to-abate sectors.
Mohazzam added that a designated consumer regime equipped with benchmarks and energy audits to catalyse the uptake of renewables and emission reduction from the industrial sector is in the pipeline and would soon set the right regulatory direction for the sector.
Syed Fawad Hussain Shah, senior assistant manager at the Center for Industrial and Building Energy Audits, a state-funded energy auditing company, stressed the need for improving public awareness regarding green cement and updating the building code of Pakistan to influence the sector to shift from grey to green cement, which is eco-friendly.