Ending months of speculation about exactly what it was planning to do to boost the use of renewable sources of energy, India said this week that it will spend about $900 million on solar energy.
The Indian cabinet approved a plan on Thursday that sets out to increase energy production from solar technology to 20 gigawatts by 2022, up from six megawatts today. The government will spend about 43 billion rupees ($922 million) in the first of three phases of the program. The total cost for all three phases could approach $20 billion.
The government had signaled its intention to invest more heavily in solar technology earlier this year, but had been reluctant to share details. Its latest announcement comes less than three weeks before world leaders are set to meet at Copenhagen to discuss climate change.
Though Indian policy makers have softened their tone on the meeting, they are adamant that they will not agree to any mandated reductions in emissions and have said any targets should be calculated on a per capita basis, something that the United States and other Western powers have resisted.
While India’s stated target for solar power appears ambitious — the United States had nine gigawatts of solar energy capacity at the end of last year — there is significant skepticism about whether the country can meet that target.
Read more: http://greeninc.blogs.nytimes.com/2009/11/20/india-to-invest-900-million-in-solar/Want to help with Global-Warming? Please visit http://www.whiteearth.org
Please become a fan of the Facebook page http://www.facebook.com/pages/WhiteEarthorg/119367692642 and http://www.facebook.com/pages/WhiteEarth/165767310764
Become a friend on Facebook page http://www.facebook.com/christopherbeau
Follow me on Twitter http://www.twitter.com/christopherbeau
Become a follower of this blog
When you buy art on http://www.artsymphony.com 100% of your investment goes to sponsor WhiteEarth
No comments:
Post a Comment