As the world slowly moves toward renewable energy, one of the most complex dimensions of the transition is the obligation imposed upon developing countries, which also suffer some of the worst impacts of climate change. Presented by Cummins.
As the world slowly moves toward renewable energy, one of the most complex dimensions of the transition is the obligation imposed upon developing countries, which also suffer some of the worst impacts of climate change. Why should emerging markets sacrifice growth to meet climate targets, when they were not the nations that caused the climate crisis in the first place?
"There was very little experience in India, and there were no real airtight regulations that had been tested," said Mohua Mukherjee, an economist at the Oxford Institute for Energy Studies, who used to oversee the World Bank's Indian Solar Energy program. "With our $200 million we were able to mobilize $112 million in additional cofinancing just on this project, which has resulted in 5.6 million tonnes of CO2 reduced, and it has put 2.7 gigawatts of installed capacity on the ground."
And the scale is paying off around the world. Today, solar is the cheapest form of energy the world has ever seen, according toHiccups and learnings
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sonic the Hedgehog co-creator arrested for alleged insider tradingRenowned programmer Yuji Naka is accused of buying shares in a game company knowing it was about to release a new title.
Read more »
CNN Recruits Insider Inc.’s Alex Charalambides as CTOCNN hired Alex Charalambides, most recently chief technology officer at digital media firm Insider Inc., as its new CTO. Charalambides officially starts at CNN on Monday, Nov. 28. He reports to Pat…
Read more »
Insider Talks About What Led to Kendall Jenner and Devin Booker BreakupKendall Jenner and Devin Booker just couldn’t make it work.
Read more »
Insider Events
Read more »
If the world avoids a recession, it'll have India and China to thank | CNN BusinessGlobal growth will slow further in the coming year but the world will likely avoid a recession thanks to growth in Asia's biggest economies.
Read more »
'Sunny Makes Money': India installs a record volume of solar power in 2022India, on track to become the world's most populous country, gets about 70% of its electricity from coal. But the government is aggressively investing in renewable energy — particularly solar.
Read more »