Karachi, Pakistan – In a significant move, Pakistan and the United Arab Emirates (UAE) have joined hands to pave the way for the development of renewable energy projects in Pakistan. The agreement, signed in Islamabad, was witnessed by Pakistan’s Prime Minister Shehbaz Sharif and Sultan Ahmed Al Jaber, the UAE’s Special Envoy for Climate Change and President-designate of the UN Climate Change Conference, COP28.
Investment in Renewable Energy Across Pakistan
As part of the agreement, UAE companies will make substantial investments in renewable energy projects across all four provinces of Pakistan. This collaboration comes at a crucial time for Pakistan, which is currently grappling with an acute electricity shortage. The rising demand for electricity, particularly during scorching summers, has led to extended power outages lasting for hours.
Strengthening Energy Security
During a phone call with Sharif, Al Jaber, accompanied by the UAE’s Minister for Industries and Technologies and a high-level delegation, commended UAE’s efforts in combatting climate change and advancing renewable energy initiatives. Sharif, in return, expressed Pakistan’s unwavering support for the UAE in COP28 and appreciated the UAE’s vital contribution to reaching a $3 billion staff level agreement with the IMF last week.
Advancing Solar Energy Projects
Sharif shared details of Pakistan’s ambitious 10,000 megawatt solar energy projects, for which a successful roadshow was previously held in Dubai. The UAE, recognizing the significance of these projects, expressed its commitment to enhancing collaboration with Pakistan in the renewable energy sector. This collaboration will not only boost Islamabad’s energy security but also contribute to addressing the challenges of climate change.
Pakistan’s Active Role in Climate Change Diplomacy
Al Jaber acknowledged Pakistan as an important partner in the global discourse on climate change and commended the country’s active role in climate change diplomacy. By joining forces with Pakistan in renewable energy development, the UAE aims to further strengthen this partnership and contribute to a sustainable and secure future.
In conclusion, the agreement between Pakistan and the UAE marks a significant milestone in the pursuit of renewable energy projects in Pakistan. With UAE’s investment and collaboration, Pakistan aims to address its electricity shortage and enhance its energy security. Moreover, this partnership reinforces Pakistan’s active participation in global efforts to combat climate change and positions it as a key player in the renewable energy sector.