Geothermal and wind energy: Sustainable solutions for Pakistan’s energy economics

Abstract

The need for green energy sources like wind farms and geothermal energy has increased along with the world’s energy requirements. These developments offer reliable and clean energy with significant economic advantages, particularly for trade deficit countries like Pakistan. Geothermal and wind energy development reduces dependency on imports of fossil fuels, generates employment, and helps mitigate climate change. Pakistan struggles to meet its energy needs and economic targets like many other developing countries. Therefore, National research priorities should integrate geothermal and wind energy storage and discover relevant resources. This article summarizes how geothermal and wind energy technologies might support economic development objectives and promote sustainable energy production. The technological and financial possibilities, challenges, and opportunities, as well as the present and future of these technologies, are considered in the case study. In Pakistan, laws and policies are being established to promote renewable energy development. For example, the Alternative Energy Development Board is the public authority that encourages and enables the growth of renewable energy. This study proposes regulations to stimulate the use of renewable energy sources, promote private investment, and foster a favorable atmosphere for their growth.

Keywords

• geothermal
• wind energy
• sustainability
• energy economics
• feasibility
• energy policy