Pakistan needs $390bn for low-carbon transition by 2050: ADB
ISLAMABAD: Pakistan will require more than $390 billion in additional investment by 2050 through the coal-to-gas transition in the industry, electrification of transport and the replacement of gas with electricity for cooking to meet international commitments on reducing carbon emissions, according to an Asian Development Bank (ABD) report released on Sunday.
The report, Pakistan Low-Carbon Energy Outlook and Technology Road Map, noted that the required energy expansion plans imply major investment commitments.
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