Suchergebnisse

One of the prime concern of policy makers should be to ensure energy security in the country. The case of Pakistan is interesting in a sense that with the growing age of the country, the increasing reliance on imported sources of energy is resulting in huge demand-supply gap which is evident in suppressed demand for electricity and natural gas. It has social, economic and environmental consequences. Most of the countries in the world have shifted their focus from imported to indigenous resources which are more often cheap, environmental friendly and provide competitiveness. The study reveals, through exploring secondary data, descriptive analysis, Johanson Cointegration and Granger Causality test results based on error correction model, energy insecurity is damaging for environment and socio-economic conditions. The study suggests policy makers to move toward long run energy security to get environmental and socio-economic sustainability in the country through minimizing reliance on imported energy and promoting energy efficiency.

The present study develops an integrated assessment model (IAM) for food security under climate change for South Asia. For IAM, initially, an econometric model is estimated that identifies the impact of climate change on crop yields, using the historical relationships between temperature, precipitation, and the production of cereals. Subsequently, future projections have been collected for temperature and precipitation from climate models of the Coupled Model Inter-comparison Project Phase 5 (CMIP5), and the previous econometric model is applied to obtain the implied future cereal yields changes. Then, the yield variations are fed into a multiregional Global Trade Analysis Project (GTAP) model, calibrated to the GTAP 9 database, taking the form of decreases in factor-augmenting productivity of the grains sector. Further, the present study evaluates the effects of climate change on an individual South Asian country. The results indicate that change in climate decreases food production, increases food prices, decreases food consumption, and thus affects the welfare. Trade and fiscal policy responses are investigated to combat the problem of food security. It is revealed that these two policies fail to compensate climate change damage in all the selected South Asian countries.

Greenhouse gas emissions cause climate change, and agriculture is the most vulnerable sector. Farmers do have some capability to adapt to changing weather and climate, but this capability is contingent on many factors, including geographical and socioeconomic conditions. Assessing the actual adaptation potential in the agricultural sector is therefore an empirical issue, to which this paper contributes by presenting a study examining the impacts of climate change on cereal yields in 55 developing and developed countries, using data from 1991 to 2015. The results indicate that cereal yields are affected in all regions by changes in temperature and precipitation, with significant differences in certain macro-regions in the world. In Southern Asia and Central Africa, farmers fail to adapt to climate change. The findings suggest that the world should focus more on enhancing adaptive capacity to moderate potential damage and on coping with the consequences of climate change.

Energy efficiency improvements owing to technological progress in the energy-using appliances and equipment lower effective price of energy services and, in turn, result into behavioural ex-post increase in the consumption of energy. Thus, on net basis technological progress negatively influences the effectiveness of energy efficiency and circumvent the effects of environmental sustainable policies. This study is the first of its nature in Pakistan that estimates the magnitude of direct rebound effect in residential electricity consumption. Using the time series data from 1973 to 2016, we apply co-integration econometric technique and error correction model to analyse the direct rebound effect. The results indicate that the magnitude of direct rebound effect is 69.5 percent in the long run, while 42.9 percent in the short run. Further, impact of climate change on electricity consumption is examined. The results indicate that consumption of energy is increasing in both short run and long run under climatic changes. These findings suggest that the Government of Pakistan needs to consider rebound effects along with climatic changes in formalizing its energy policies.