Quantitative Analysis of Petroleum Consumption and CO2 Emission of Mining and Quarrying Industry of Pakistan

Abstract

Energy is playing dynamic role in the development of national economy of Pakistan. The country’s economy is supported by different industries, such as mining and quarrying is one of the leading industry of the country. The industry is producing different artefacts, for each artefact the industry consumes energy. Fossil fuels are instant sources of energy, burning of fossil fuels are the main factor of the climate change. Hence energy is directly and indirectly used in every sector of the country and petroleum sector is considered the main driving force of the energy. This work derives measures of petroleum consumption and CO₂ emissions related to fuel consumption activities in Mining and quarrying industry of Pakistan from the year 1970 to 2016. Results of the study have been calculated by using Wassily Leontief input-output analysis. Results demonstrated that total petroleum consumption of mining and quarrying industry reached at the peak level from year 1994 to 1998, in 2014 1.58E+7 matric barrels were consumed by the sector. Similarly, in 2015 and 2016, 1.62E+6 matric barrels and 1.72E+6 matric barrels of petroleum respectively consumed in the sector. Petroleum consumption caused of emissions of greenhouse gases around 1.01E+7 metric tons of CO₂ was released in 1998. Respectively in 2015, 6.98E+6 and in 2016, 7.42E+6 metric tons CO₂ was released.  By analysis outcomes of the study, petroleum demand and its consumption will raise and the relevant emission will also increase in the future.