Pakistan is facing a severe energy crisis that threatens its economic stability and environmental sustainability. Transitioning from coal-based electricity to solar energy by 2030 could significantly boost economic growth and reduce greenhouse gas emissions. A team of researchers found that with an estimated $8 billion investment, Pakistan could increase its GDP by over 11% and reduce CO₂ emissions by 5–10% across various fossil fuel sectors. Multilateral Development Banks (MDBs) can play a critical role in this transformation by providing green loans, technical assistance, and policy support to facilitate the transition.
Find out more about the research methods, findings, and policy recommendations in the following PEP publications:
Working Paper coming soon | Policy Brief No. 286 | More about financing green energy transitions
