PAKISTAN
39th Multi-Topic International Symposium, IEEEP | April 23–24 | Pearl Continental Hotel, Karachi
To be presented by: Engr. Naeem Ilyas Khanani, CEO of Magna Engineering Pvt. Ltd., DigiEstate Pvt. Ltd., & Blockanica Technologies
Abstract
Blockchain technology offers transformative potential for Pakistan’s power sector by introducing transparency, traceability, and automation in critical areas such as Renewable Energy Certificates (RECs), carbon credits, and Voluntary Carbon Markets (VCMs).
This paper explores blockchain applications that support the country’s decarbonization goals—particularly through the voluntary implementation of the NEECA Energy Conservation Building Code (ECBC) in mixed-use buildings.
By leveraging blockchain, verifiable energy savings and renewable generation data can be tokenized into carbon credits and RECs, ensuring immutable records and preventing double counting. Smart contracts can automate credit issuance, trading, and settlement processes, while integrating with Building Management Systems (BMS) and digital energy meters for real-time validation.
International case studies from Singapore, South Korea, India, and the UAE highlight successful blockchain-driven energy and carbon markets. These examples inform a tailored roadmap for Pakistan, beginning with pilot projects in major urban centers, followed by stakeholder engagement, platform development, and eventual regional integration.
The proposed strategy aligns with Pakistan’s Nationally Determined Contributions (NDCs), climate finance aspirations, and clean energy transition. The paper calls for regulatory sandboxes and public-private collaborations to accelerate adoption. Blockchain can enable Pakistan to become a regional leader in digital energy and carbon asset markets while advancing sustainability and economic resilience.
