Saturday, July 19, 2008

scalability of economics for energy

In India, now the hottest topic is nuclear deal. Why are we worried about so much on this? In the context of spiraling prices of crude oil, world should look for developing non carbon energy initiatives. India is booming with retail business. Reason- population of plenty. Same time we need to realize vast size of country though not big as four more countries. Government should look at tapping non conventional energy sources. Say for solar energy. It is known that it is ten time more expensive than establishing a carbon based energy unit. We need to involve more R and D into this. Are we putting all that practiced by research institutes say Tata energy Research Institute and many others. While Government is funding projects on Non conventional energy sources, it has right to demand the output as it is public money. Why cannot we tap vast solar energy in India? Look at France. How successful they are in nuclear energy. France nuclear energy contributes to more than 90 percent of needs. India also should focus more on Solar, Wind and Nuclear energy sources. Long term vision is required. India is rich in natural resource like Wind and Sun.

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