The armed forces champion a form of capitalism that is generating revenue, but its reliance on rent faces diminishing returns, leaving the country with massive sunk costs and deferred returns, deepening dependency on external borrowing.
Yezid Sayigh
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Although the CPEC energy portfolio has included a few groundbreaking renewable energy projects, Pakistani officials prioritized larger scale coal-fired power plants because they believed these plants would provide the most effective means to tackle the local energy crisis.
Nonresident Scholar, Sustainability, Climate and Geopolitics Program
Kelly Sims Gallagher is a nonresident scholar in the Sustainability, Climate and Geopolitics Program at the Carnegie Endowment and is dean, professor of energy and environmental policy, and director of the Center for International Environment & Resource Policy, at The Fletcher School at Tufts University.
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
The armed forces champion a form of capitalism that is generating revenue, but its reliance on rent faces diminishing returns, leaving the country with massive sunk costs and deferred returns, deepening dependency on external borrowing.
Yezid Sayigh
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