Comparative Study of Renewable Energy Policies of Pakistan with World /

Abstract

This thesis discusses the comparison of public policy measures on renewable energy (RE) in electricity generation in Pakistan with the world. Using a combination of new data sets and longitudinal research designs, this investigates the impact of different policies and their steps in a sample of both developed and underdeveloped countries to propose an effective policy combination that can overcome market failures for clean energy. The results require special technology policies that consider real market conditions and technological maturity. To improve institutional investment conditions, the proposed policy instruments include economic and fiscal incentives such as feed in tariffs (FIT), especially for less mature technology. In addition, market-based instruments such as greenhouse gas (GHG) trading systems for mature technology must be included. Also includes SWOT analysis to reconsider different aspects to identify and compare Pakistan’s internal strengths and weaknesses, as well as its external opportunities and threats regarding the implemented policies and their impact, also includes PESTEL analysis or PESTLE analysis (formerly known as PEST analysis) as a framework or tool used to analyze and monitor the macro-environmental factors that may have a profound impact on Pakistan's renewable energy policies performance both technologically and in implementation, along with some supply and demand mathematical model relationship between the quantity of a commodity that Pakistan’s renewable energy producers wish to sell at various prices and the quantity that consumers wish to buy. It is the main model of price determination used to elaborate future demand in economic theory with curves to compare Pakistan with several countries. These policy steps directly affect the structure of risk and return on Renewable Energy projects. Complementing this with regulatory measures such as codes and standards (e.g. AEDB and NEPRA) and long-term strategic planning can further strengthen the Renewable Energy investment context. Using all the sources the trial information obtained from the use of projects in the field can be put to rest by PCRET, and the AEDB can build the best foundation using this information as input. To deal with problems involving this country, this process is likely to make more available screening grounds. In addition, the Government can sincerely persuade donors and improve institutions to provide funding to banks so that IPPs can be successfully implemented.