E-Bike Promotion and Energy Savings in New Budget

Jawad

13 Jun 2024

186

E-Bike Promotion and Energy Savings in New Budget

In the current year's budget, Pakistan's Finance Minister, Senator Muhammad Aurangzeb, earmarked Rs. 4 billion to advance the adoption of electric bikes (e-bikes) and Rs. 2 billion for the production of energy-saving fans. These measures are part of a broader initiative to promote sustainable energy practices within the country.

The success of the e-bike initiative remains uncertain, given past challenges. Previously, a government e-bike scheme faltered because there were not enough e-bikes available in Pakistan, resulting in many participants receiving conventional motorcycles instead. This highlights a significant hurdle in the push towards electric mobility in the region.

Nonetheless, these initiatives are aimed at curbing carbon emissions from the transportation sector and reducing overall energy consumption. The Finance Minister underscored Pakistan's susceptibility to climate change and reiterated the government’s dedication to climate mitigation strategies as a vital part of its policy agenda.

Senator Aurangzeb also spotlighted the creation of the Pakistan Climate Change Authority, an entity focused on executing plans to mitigate climate change effects and facilitate the country’s adaptation to these impacts. This agency represents the government’s proactive stance in addressing environmental challenges.

Moreover, the Finance Minister announced the forthcoming National Climate Finance Strategy, set to be completed by October 2024. This strategy will detail methods to attract international funding for climate initiatives in Pakistan, with the goal of financing projects that aim to lower the nation's carbon emissions. This effort is part of a broader commitment to integrating gender and climate considerations into the government’s budgeting and policy-making processes.

EBike Initiative EnergySaving Fans Climate Mitigation Carbon Emissions Electric Mobility Sustainable Energy Climate Change Pakistan Budget Green Transport Climate Finance

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