As nations accelerate their shift to cleaner energy, Pakistan's continued dependence on fossil fuels, accounting for over 85% of its energy mix, presents both a challenge and an opportunity. The oil and gas sector — long central to powering homes, industries and transport — must now adapt to a shifting global landscape.

Pakistan remains one of the ten most climate-vulnerable countries. The 2022 floods, which inflicted over 30 billion dollars in damages and displaced millions, were a tragic reminder of this vulnerability. Worsening air quality, volatile energy prices and increasingly frequent climate-related disasters highlight the unsustainable nature of current energy practices.

Globally, the energy sector is undergoing transformation. British Petroleum has committed to cutting oil production by 40% while investing 5 billion dollars annually in low-carbon technologies. Shell is rapidly scaling up hydrogen and electric mobility infrastructure. In Southeast Asia, Malaysia's Petronas is diversifying through climate bonds and renewable energy........

© The Express Tribune