ANTALYA (Lord Media): Prime Minister Shehbaz Sharif stated that Pakistan requires 138 bn USD for low-carbon energy projects by 2035, and an additional 50 bn USD to transition coal power to solar energy. He emphasized the need for global financial support and affordable technology transfer to achieve climate goals for developing nations.

Speaking at the 31st session of the United Nations Climate Conference in Antalya, Turkiye, the Prime Minister highlighted that developing countries’ climate ambitions can only be met with global financial assistance. He noted Pakistan’s significant progress towards clean energy over the past two years.

The Prime Minister revealed that during this period, solar energy capacity on rooftops of homes and businesses increased by approximately 22,000 megawatts. He described this as a silent revolution, turning to solar energy for affordable and reliable electricity.

Shehbaz Sharif mentioned Pakistan’s nuclear energy program, stating that before departing for Antalya, he inaugurated a major section of the country’s seventh nuclear power plant, adding 1,200 megawatts of electricity. He added that changes are also underway in the transport sector following the energy sector.

He explained that under the recently introduced auto policy, the government aims to increase the share of electric vehicles to 30% by 2030. The government also intends to electrify public buses and motorcycles.

The Prime Minister warned that without adequate financial resources, sustaining the ongoing energy sector transformation would be impossible. He urged the global community to ensure that climate change measures do not exacerbate the economic challenges of developing countries.