Policies to Drive Innovations in Renewable Energy Sector in Pakistan

The paper attempts to suggest Policy Recommendations for the following components of Renewable Energy Innovations Policy:1. Policy incentives for academia to prioritize Renewable Energy Innovations 2. Policy incentives for startups and new ventures in Renewable Energy Innovations 3. Policy incentives for investment and technology import Renewable Energy Innovations 4. Restructuring taxation, duties, and interest rate to drive Renewable Energy Innovations 5. Policy incentives for FDI in Renewable Energy Innovations 6. Pakistan targets for export of renewable energy products 7. Policy interventions for vocational training in Renewable Energy InnovationsWith the opening of new renewable energy industries in Pakistan; sector-specific GDP growth based on Exports expansion; Human Resource Development based on additional market demand; and increased Tax Collection resulting in socioeconomic development will be presented with estimated impacts.The economic rationale provides justifications for: How these Policy Incentives work. To meet the required supply of investment; “Qudrati Tawanai Infrastructure Investment Bank (QTIIB)” is suggested with some investment instruments. By establishing QTIIB, Pakistan Government shows commitment to the Public Sector and the possibilities of Corporate Sector Investment contributions. An initial investment of US$ one billion would initiate some of the Policy Recommendations in the near future. This Public-Private investment venture would also seek international investors