In a bid to be an energy efficient country, the use of renewable energy sources is a must. In that regard, government is taking several green development initiatives which will also help us achieve sustainable development goals.
Energy crisis is gripping the country as at least four major flaws have been identified in the sector. According to energy experts, the first of the flaws is buying more gas from the spot market without a long-term agreement with any country. Secondly, to keep gas exploration in the country almost closed, third reason is to allow business to operate under a single entity and fourth reason is slow progress in renewable energy.
We can extract cheap gas-based solutions for electricity
production, which will further decrease the cost
of production and increase profit
Experts say the country should give priority to domestic oil and gas exploration to lessen the dependence on import, but the issue has long been neglected.
The government should focus on originating more research and development programmes. This should be done to explore more sustainable sources of power generation and instead of using coal we can extract cheap gas-based solutions for electricity production, which will further decrease the cost of production and increase profit.
If private investment increases, then healthy competition should also be raised among the power generators which will lead to economic welfare and also improvement in the quality of service. We also recommend the government to approve a various range of energy efficiency programmes for the future of country’s energy security.
Therefore, it is time to implement the transition process of shifting to renewable energy source from coal-based power plants, which will not only profit our environment but also will create numerous jobs, especially in the rural areas.
