Fossil fuel subsidy

Published September 5, 2019

THIS refers to the news item ‘Investors, lenders critical of renewable energy policy’ (Aug 24). We have been blessed with an abundance of sunlight and wind, yet we turn to fossil fuels such as oil, gas, and now the latest addition — coal.

The UN advises to let fossil fuels be buried and stop subsidising them. The IMF periodically assesses global subsidies for fossil fuels as part of its work on climate and it has found that they received a whopping $5.2 trillion in subsidies in 2017.

Investment in renewable energy will never reach its true potential as long as we keep on underpricing fossil fuels and allowing carbon polluters to dump their waste in the atmosphere for free.

We as a society pay these costs, especially with the rise of air pollution owing to the harmful effects of carbon, disproportionately hitting the poorest the most.

Karachi is the fourth most air polluted city in the world, affecting all, especially pregnant women, children and senior citizens. We see its negative impact in the shape of asthma, diabetes, heart ailments, cancer, etc. Most affected are the intelligence quotient levels of growing children.

Indoors, it is worse, with particulate matter 2.5 levels five to 10 times higher than outdoor levels.

The government must take clear and right decisions or we will all pay a heavy price with our lives and of our future generations.

Venu Advani
Karachi

Published in Dawn, September 5th, 2019

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...