Connect with us

Business

Mitigating the Effects of Climate Change organized by Alternate Development Services (ADS)

Published

on

Multan: Amjad Nazir, Dr. Shahood Uz Zaman, Professor Dr. Muhammad Daud, Khawaja Hussain, Abdul Hameed, Dr. Amjad Bukhari, Fazal Lund, and Zahoor Joiya addressing the seminar titled Mitigating the Effects of Climate Change, organized by Alternate Development Services (ADS)

Multan, September 06: The industrial sector of Pakistan, particularly the textile and sports industries, urgently needs to reduce carbon emissions. It has become critical for Pakistan’s industries to adopt renewable energy sources to tackle climate change while also improving their export potential. The textile industry in Pakistan is responsible for 91.6% of its carbon emissions, which are linked to the electricity grid. Therefore, reducing reliance on the grid and adopting renewable energy is the need of the hour to increase exports. These views were expressed by speakers during a seminar titled “Mitigating the Effects of Climate Change: A Review of Emissions from Pakistan’s Industrial Sector and Future Plans,” organized by Alternate Development Services (ADS) at a local hotel. The seminar was attended by key stakeholders from the textile and sports industries.

Speaking on the occasion, Amjad Nazir, CEO of ADS, said that adopting renewable energy sources is essential for Pakistan’s industries to address climate change and enhance their export potential. He stated, “91.6% of carbon emissions in Pakistan’s textile industry are linked to the electricity grid. Hence, reducing dependency on the grid and adopting renewable energy is crucial to boost exports.”

Assistant Professor at National Textile University Faisalabad, Dr. Shahood Uz Zaman, highlighted that the textile sector, responsible for 55-60% of the country’s exports, lags in global competition due to its reliance on fossil fuels. He mentioned, “The textile industry emits an average of 25.9 tons of CO2 per month, but if solar energy usage is increased, these emissions could be reduced to 9.2 tons per month per industry.” He emphasized the need for industries to be aware of decarbonization and for the government to establish coherent policies in this regard.

Industry representative Khawaja Hussain shed light on the current situation of the textile industry in Multan. He discussed energy usage trends, the potential for integrating renewable energy, and the possible impacts of the upcoming Carbon Border Adjustment Mechanism (CBAM).

Dr. Muhammad Daud from Zakariya University elaborated on carbon reduction strategies for industries and their benefits. He said, “Our textile sector is facing a 15% reduction in export potential due to rising energy costs and CO2 emissions. Transitioning to renewable energy is not only advantageous but also essential for growth and success.”

Environmental department officials Abdul Hameed, Dr. Amjad Bukhari, Fazal Lund, and Zahoor Joiya stated, “Industrial carbon reduction is essential not only for cost-cutting but also for protecting the environment in regions like Multan. A cleaner industrial sector ensures sustainable development, which is vital for both the environment and the economy.”

Multan: Amjad Nazir, Dr. Shahood Uz Zaman, Professor Dr. Muhammad Daud, Khawaja Hussain, Abdul Hameed, Dr. Amjad Bukhari, Fazal Lund, and Zahoor Joiya addressing the seminar titled Mitigating the Effects of Climate Change, organized by Alternate Development Services (ADS).

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

The French winemaker whose wines are illegal in his home country

Published

on

By

Winemaker Maxime Chapoutier would be arrested if he tried to sell two of his newest wines in his native France.
“There would likely be outrage about these wines in France, and that would be a good thing,” he says. “Sometimes you need to be provocative to drive change.”
The two bottles in question, one white and one red, would be illegal in France because they are made from a blend of French and Australian base wines.
Under both French and European Union law it is forbidden to make a wine that combines EU and non-EU fruit. In France in particular, authorities take such things very seriously.
The French wine industry has a celebrated word called “terroir”, which applies to all the environmental factors that affect vines growing in a vineyard, such the soil, the climate, and the elevation. As a result, wines from a specific place are held in the highest esteem.
Add a strict appellation or classification system for France’s wine regions, and the thought of blending French and Australian wine to create a global hybrid would horrify many French wine lovers.
Yet Maxime has done just this, and it is all thanks to one word – Brexit.
For while he cannot sell the two wines in the EU, he can do so in the UK now that London no longer has to follow food and drink rules set by Brussels.

Continue Reading

Business

Musk, MrBeast, Larry Ellison – Who might buy TikTok?

Published

on

By

Jimmy Donaldson – aka MrBeast – was jubilant as he told his tens of millions of TikTok followers about his bid to buy the platform.
“I might become you guys’ new CEO! I’m super excited!” Donaldson said from a private jet. He then proceeded to promise $10,000 to five random new followers.
The internet creator’s post has been viewed more than 73 million times since Monday. Donaldson said he could not share details about his bid, but promised: “Just know, it’s gonna be crazy.”
Donaldson is one of multiple suitors who have expressed interest in purchasing TikTok, the wildly popular social media platform that’s become the subject of a fast-moving political drama in the United States.
Last year, then-President Joe Biden signed a law that gave TikTok’s China-based parent company ByteDance until 19 January to sell the platform or face a ban in the United States.

Continue Reading

Business

UnitedHealthcare names new boss after former CEO killed

Published

on

By

UnitedHealthcare has named a new boss almost two months after its then-chief executive Brian Thompson was shot and killed in New York.
Company veteran Tim Noel will take charge of the largest health insurer in the US, which has more than 50 million customers, at a critical moment.
Mr Thompson’s killing on 4 December in central Manhattan ignited a wide debate about how the US healthcare system operates.
Many Americans, who pay more for healthcare than people in any other country, have expressed anger over what they see as unfair treatment by insurance firms.
Mr Noel “brings unparalleled experience to this role with a proven track record and strong commitment to improving how health care works for consumers, physicians, employers, governments and our other partners,” UnitedHealthcare’s parent company UnitedHealth Group said.
A manhunt ensued for days as police worked to identify who was responsible in the December killing, which happened outside a Manhattan hotel where the CEO was staying.
After five days, Luigi Mangione, 26, was arrested in a McDonald’s restaurant in Pennsylvania after a worker called police.
Mr Mangione has pleaded not guilty to charges in the killing. He is facing 11 state criminal counts, including murder as an act of terrorism.
As well as the state-level charges, he is also accused of federal – national-level – stalking and murder offences that could lead to a death penalty sentence.
Prosecutors allege that Mr Mangione shot Mr Thompson before going on the run.

Continue Reading

Trending