Wednesday July 24, 2024

Govt urged to take more steps for solarisation

June 17, 2024
This image shows workers installing a solar panel. — Reuters/File
This image shows workers installing a solar panel. — Reuters/File

LAHORE:The Federation of Engineering Institutions of South and Central Asia (FEISCA) has appreciated various measures for solarisation in the country and called upon the government to provide soft loans for promoting renewable energy to meet ever-increasing demand of uninterrupted cheap electricity and mitigate emerging threat of climate change across the country.

FEISCA Secretary General Engineer Mian Sultan Mahmood Arain said this while talking to Managing Director of a private group Ms Fatima, here on Sunday. He said that like in rest of the world, Pakistan is also faced with significant challenges from climate change. Industries and households are major contributors to greenhouse gas emissions, which exacerbate these challenges. ‘However, we have a tremendous opportunity to mitigate these threats and transition towards a greener, more economically viable energy source of solar power,’ he added.

The FEISCA secretary suggested the government to launch a comprehensive soft loans scheme for both industrial and domestic sectors for solarisation and providing financial support to businesses and households looking to invest in solar energy systems. ‘This would help us to achieve several critical objectives,’ he added. Solar power is increasingly becoming a cost-effective source of energy and by facilitating its adoption through loans, we can reduce energy costs for both industries and households, thereby improving the economic well-being of our people.

Sultan Arain said that relying on solar energy would reduce dependence on fossil fuels and imported energy sources, besides enhancing our energy security and reduce vulnerability to global energy price fluctuations. He said solar energy is clean and renewable, emitting no greenhouse gases during its operation and encouraging its adoption will significantly reduce our carbon footprint and contribute to global climate change mitigation efforts.

On this occasion, Ms Fatima stressed the needs for fully exploiting our abundant natural resources to meet our demands conveniently and government must focus on it to achieve the desired results of economic development and prosperity.