As decarbonisation gains momentum, the power sector must manage a growing reliability challenge.
We are weeks away from COP26.
COP is UK’s attempt to bring the world together and tackle climate change in light of the Paris Agreement. The Paris Agreement is a legally binding international treaty on climate change. It was adopted by 196 Parties at COP 21 in Paris in 2015. The main goal of Paris Agreement is to limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels.
The COP26 is the 26th United Nations Climate Change conference scheduled to be held in Glasgow, Scotland, United Kingdom to be held between 31 October and 12 November 2021, under the co-presidency of the United Kingdom and Italy. World leaders will arrive in Scotland, together with tens of thousands of negotiators, government representatives, businesses and citizens will meet for twelve days of talks to tackle the Climate Change goals. Dignitaries from all over the world including Queen of England, head of States and pioneers like David Attenborough will come together and gauge progress against Paris agreement goals and make further pledges to tackle Net Zero by 2050. Not only is it a huge task but it is also not just yet another international summit.
COP26 will be a crucial point in the world’s attempt to change things around. With increased devastation including wildfires, threat to marine life, rising temperatures and water scarcity, it is high time the world adapts Renewable Energy sources like Solar Energy, Wind Energy, geothermal and Hydropower energy.
Unfortunately, Pakistan is the 5th largest country susceptible to Climate Change. The Prime Minister of Pakistan has made climate change his number one priority. On Saturday, 12th of December 2020, he announced that Pakistan aims to create 60% of its local energy demand by using renewable resources by 2030 to alleviate the risk of climate change. To mark the 5th anniversary of the signing of the landmark Paris Agreement, Imran Khan announced that they have decided not to have coal-based power plants. He also added that 30% of all country’s vehicles would use electricity. In pursuit of this, the government has already scrapped two coal-based plants generating 2,600 megawatts of energy. He also shared details about the plan to plant 10 billion trees in the next three years.
Pakistan is playing its part in tackling climate change according to the British High Commissioner Dr Christian Turner who has been visiting Karachi to launch the Race to Zero framework by encouraging 26 Pakistani organizations to sign a commitment to make net zero emissions commitments in 2050 as part of COP26 of which 12 firms have committed to it so far. More businesses willneed to come forward to play their part. Globally more than 3,000 companies have signed up. Concerted efforts bylocal and internal businesses are need to accelerate the progress.
At Instaenergy, we believe we must all work together to slow down the climate crisis and realise our shared vision of a brighter future for everyone. We pledge to support UN’s COP26 by reducing and offsetting our own carbon footprint on the world. We engage, employ and invest our resources in educating and empowering Pakistan to go green. Our engineers and technical staff help customers choose the right system suited to their needs. We use innovative technology that gives customers optimized solar solutions in diverse categories including advanced solar panels, PV system design technology, and inverters. We pledge to work closely with the environment sector to help Pakistan achieve the Climate goals at an accelerated pace.
The CDP, the Carbon Disclosure Project is an organizational body that aims to study the implications of climate change for the world’s principal publicly traded companies.
Ayesha is specialized in Water Theme assessing corporations’ disclosure on their climate change impact and generates a score for each company based on key criteria set by CDP. This score indicates a company’s progress moving towards environmental stewardship and is used to inform investors as well as encouraging corporate responsibility in the sustainability sector.
Climate Change is the biggest crisis and we all need to play our part!