Alternative-India Poised
We can completely switch to renewables in the next couple of decades.
- The technologies exist
- The economics are favorable and the return on investment would be much greater
India has three fundamental things to do - according to experts, the country urgently needs to develop a sustainable path of energy development :
1) Improve Energy Efficiency and Conservation
2) Develop and deploy Renewable energy
3) Modernize and expand “smart” grid
Dr Nitsch et al studied that the reserves of renewable energy that are technically accessible globally are large enough to provide about six times more energy than the world currently consumes - forever.
It is clear that, with
- Continuing innovation
- Economies of scale
- The introduction of reasonable price on carbon
Renewable energy technologies very shortly, will become the most cost effective means of producing electricity with increasing fossil fuel price projections. On a life-cycle basis renewable energies come on top -
