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Analysis of Energy Crisis, Energy Security and Potential of Renewable Energy: Evidence from Pakistan

Author

Listed:
  • Khalid Latif
  • Muhammad Yousaf Raza
  • Chaudhary, Ghulam Mujtaba
  • Adeel Arshad

Abstract

Over the last thirty years, Asian countries have become a chief player in the worldwide scene. Pakistan is facing an acute energy disaster since last decade that impacts on social and economic development. Sustainable energy supply is an essential feature for the economic growth of any society. From the last five years, Pakistan is facing a shortfall between 4,000-5,000 megawatt. This study inspects the association between energy security, energy crisis, energy demand, energy supply, and renewable potential in Pakistan. It also evaluates the final energy demand-supply gap, provincial renewable energy distribution, sectorial distribution, and policy recommendation for future energy. For this study, we applied renewable and non-renewable energy scenarios during 2014-2035 and Market-Allocation method to prove the energy situation in Pakistan. The outcomes show that renewable resources are the best option in reducing energy risk, import cost, and enhance environmental and economic sustainability. With the objectives of our key findings, targeted suggestions and policies are given.

Suggested Citation

  • Khalid Latif & Muhammad Yousaf Raza & Chaudhary, Ghulam Mujtaba & Adeel Arshad, 2020. "Analysis of Energy Crisis, Energy Security and Potential of Renewable Energy: Evidence from Pakistan," Journal of Accounting and Finance in Emerging Economies, CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan, vol. 6(1), pages 167-182, March.
    • Handle: RePEc:src:jafeec:v:6:y:2020:i:1:p:167-182
    DOI: http://doi.org/10.26710/jafee.v6i1.1075
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    Cited by:

    1. Iftikhar Ahmad & Muhammad Salman Arif & Izzat Iqbal Cheema & Patrik Thollander & Masroor Ahmed Khan, 2020. "Drivers and Barriers for Efficient Energy Management Practices in Energy-Intensive Industries: A Case-Study of Iron and Steel Sector," Sustainability, MDPI, vol. 12(18), pages 1-16, September.
    2. Yun, Na, 2023. "Nexus among carbon intensity and natural resources utilization on economic development: Econometric analysis from China," Resources Policy, Elsevier, vol. 83(C).

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