Energy Transition and Food Security
Energy supplies and energy shortage have become a global issue since the Ukraine Russia war. However, for South Asia, energy supplies have been an issue even before the war. In December 2022 we invited Mr. Mujtaba Khan, CEO Reon Energy Pakistan, and Mr. Navam Niles, Research Consultant, Centre of Poverty Analysis, Sri Lanka, for an online web talk titled “Impact of the Ukraine-Russia War on Energy Transition and Food Security in Debt Ridden South Asian Nations“.
With moderator Dr. Gareth Price, panellists and participants discussed relevant issues ranging from the impact of global markets on the region to the severe national energy and political crises in 2022 in both Pakistan and Sri Lanka and their inter-linkages. These are the insights from that panel discussion in report and illustrations form (by Shahtoon)
Insight # 1 : "In fiscal year 2022, Pakistan imported USD 18.7 billion worth of products under the petroleum group around 26% of total import bill!"
Insight # 2 is a Policy Recommendation: Remove Fuel Subsidies!
Insight # 3 is another policy recommendation: Encourage consumption of #renewable/clean fuels