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Energy Development In Pakistan

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In the modern era, energy is considered to be very important part of the economic development of any country. Pakistan’s economic development and prosperity depend on how successfully the country ensures abundant supply of reliable and affordable energy. If the energy problem is not tackled effectively, the population’s sufferings will increase

Since ancient times use of energy has served as an integral part of human life and their prosperity. As population was increasing, the demand for energy was also expanding. It was the discovery of electricity and extensive use of fossil fuel that led to the industrial revolution and that steered advancement of science and technology, culminating in enhanced level of socio-economic prosperity, better …show more content…

Advanced industrialized societies use more energy per unit of economic output and far more energy per capita than poorer societies, especially those still in the pre industrial state. Energy use per unit of output does seem to decline over time in the more advanced stages of industrialization, reflecting the adoption of increasingly more efficient technologies for energy production and utilization, as well as changes in the composition of economic activity. And energy intensity in today’s developing countries probably peaks sooner and at a lower level along the development path than was the case during the industrialization of the developed world. But even with trends toward greater energy efficiency and other dampening factors, total energy use and energy use per capita continue to grow in the advanced industrialized countries, and even more rapid growth can be expected in some developing countries as their incomes advance. The fact that expanded provision and use of energy services is strongly associated with economic development leaves open how important energy is a casual factor in economic development. Development involves a number of other steps besides those associated with energy, notably including the evolution of education and labor markets, financial institutions to support capital investment, modernization of agriculture, and provision of infrastructure for water, sanitation, and communication. This is not just an academic question; energy development competes with other development opportunities in the distribution of scarce capital, and in the allocation of scarce opportunities for policy and institutional

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