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Pakistan’s solar boom is helping it save billions during the ongoing energy crisis

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Why This Matters

Pakistan's rapid adoption of solar energy is a crucial development for the country's energy independence and economic stability amid regional conflicts and rising oil prices. This shift not only helps Pakistan reduce its reliance on imported fossil fuels but also demonstrates the growing importance of renewable energy in mitigating geopolitical risks for the global energy market.

Key Takeaways

Over the past few years, Pakistan has adopted solar power at unprecedented rates. That’s helping cushion it from the effects of the war in Iran. Pakistan gets almost all its oil and gas from the Middle East, where U.S. and Israeli bombing of Iran have caused crude prices to blow past $150 a barrel and tankers can’t get through the Strait of Hormuz. But it has one edge in the crisis: a rapid, recent shift to solar power.