TOWARDS A SUSTAINABLE TRANSPORT ENERGY POLICY IN PAKISTAN

Abstract

This paper scrutinizes Pakistan's transport sector's climate financing potential and environmental sustainability to achieve sustainability. The study targets specific objectives from the environmental compendium and uses the data from the Pakistan Economic Survey. It computes the Economic costs and Benefits of replacing engine fuel across Pakistan's small, medium, and large vehicles. Additionally, it assesses the influence of Policy Intervention on environmental degradation within the transport sector and gauges the economic value of CO2 emissions offsetting. The study advocates clean transport funding by employing calculations based on per-unit emissions and cost per kilometer. It dissects and aggregates environmental quality and economic feedback from policy interventions using component and compound-based methods. Notably, transitioning to cleaner fuel incurs significant engine shifting costs, yet the study concludes that, despite short-term cost increases in the sector and services, Pakistan can reap long-term economic benefits from this shift to achieve the sustainable transportation targets.