Report urges cash-strapped Pakistan to pursue clean energy

ISLAMABAD (AP) – A new report said cash-strapped Pakistan should pursue clean energy instead of relying on coal and nuclear.

The Institute for Energy Economics and Financial Analysis said yesterday that coal-fired power, one of the central pillars of Pakistan’s energy deals with China, is a costlier and dirtier alternative to wind or solar, which China is also supplying but to a lesser degree.

Energy Finance analyst with the institute Simon Nichols said China is dumping its dirtier coal-fired systems on developing nations while leading the world in renewable resource systems that will find a market in developed countries as they move away from fossil fuels.

China is financing major development projects in Pakistan, which is seeking an USD8 billion bailout package from the International Monetary Fund.