Power Plant News:Inside CARMA
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July 10, 2008
India Gets It? PM Plugs Solar Power
India argues that developed countries must lead on emissions reductions, but that doesn’t mean the government is sitting idly by. At last week’s release of a national climate action plan, Prime Minister Singh declared India would “pool all our scientific, technical and managerial talents, with financial sources, to develop solar energy as a source of abundant energy.” Kevin Ummel looks at India’s solar potential – including GIS-mapping of possible plant sites – in India Sees (Some Of) the Light on Solar Thermal Potential.
Using IFC Profits for a Renewable Energy "Big Push"
With some $2 billion in profits for FY07, the IFC faces a dilemma of what to do with that money. Senior fellow Vijaya Ramachandran and I argue that instead of transferring some or all of it to the World Bank for business-as-usual low-interest loans, like it did last year, the IFC has the opportunity “to finance major shifts toward clean energy ... [by] helping to drive down costs through learning and economies of scale.” See Another Banner Year for IFC -- NOW Is The Time for A Big Push into Renewable Energy.
My thanks to Robin Kraft for his help in preparing this letter.
Best wishes,
David Wheeler
Senior Fellow, Center for Global Development
News
- Developing nations slap down G-8 global emissions strategy (Chicago Tribune)
- U.S. Lifts Moratorium on New Solar Projects (New York Times)
- Fund Designed to Spur Renewable Energy Subsidizes Gas Plants (Wall Street Journal)
- New report highlights ties between global warming and US security (Christian Science Monitor)
- Georgia court cites carbon in coal-plant ruling (Reuters)
- Cheney's Staff Cut Testimony On Warming (Washington Post)
- White House Refused to Open Pollutants E-Mail (New York Times)