Indian solar power prices hit record low, undercutting fossil fuels
Source: The Guardian (UK)
Plummeting wholesale prices put the country on track to meet renewable energy targets set out in the Paris agreement
Michael Safi
Wednesday 10 May 2017 08.29 EDT
Wholesale solar power prices have reached another record low in India, faster than analysts predicted and further undercutting the price of fossil fuel-generated power in the country.
The tumbling price of solar energy also increases the likelihood that India will meet and by its own predictions, exceed the renewable energy targets it set at the Paris climate accords in December 2015.
India is the worlds third-largest carbon polluter, with emissions forecast to at least double as it seeks to develop its economy and lift hundreds of millions of citizens out of poverty.
Read more: https://www.theguardian.com/environment/2017/may/10/indian-solar-power-prices-hit-record-low-undercutting-fossil-fuels
IronLionZion
(45,746 posts)while Dolt 45 promises to kill it and bring back coal/oil jobs
procon
(15,805 posts)millions of poor people, why is the US, the richest nation on earth, still chained to costly, polluting fossil fuels? The money saved, the impact on our environment, the development of new tech and new industry with lots of business and job opportunities fat outweigh the bribes that Big Oil pays to greedy politicians to prop up their profits.
It's one of history's great ironies that while India has, despite all their historical and cultural baggage, become the world's largest democracy - the U.S., as the world's oldest and richest democracy, has become its largest lobbyocracy.
Dopers_Greed
(2,640 posts)So Agent Orange is trying to help him out
Achilleaze
(15,543 posts)Republicans = nattering nabobs of negativity and fail
LS_Editor
(893 posts)karynnj
(59,524 posts)When Obama left office, the US was well on its way to making its goals too. With the vote on methane and the changes to technology that have occurred because there was a world wide effort on this likely will mean that the US, while clearly not leading is on a better path than would have been predicted before Obama's Presidency. In some ways, Trump being in President makes the effort the US put in to the Paris accords and the agreements that led up to it more important. I suspect the reason he has not yet "ripped up" the agreement is that some in his administration see that it would leave us behind ... and nearly alone.
Reading the accounts from Paris, one thing was very clear - the US for decades has been a problem - not a leader to a solution - as have India and China. The Paris agreement was very very carefully crafted to not need Senate ratification, yet to create a signal to the market that would invigorate clean technology. That it succeeded is remarkable. It is worth noting that even in 2012, when Kerry spoke to Obama about becoming SoS, mentioning he wanted the environment and a climate change deal to be his signature issue - as women's and children's issues were for Clinton, he was cautioned that there was not much optimism about any diplomatic gain on those issues. (Obama's efforts were mostly executive orders to make the US greener)
Though I would assume that Kerry never thought the US would pull away itself, the design is very robust and each country works towards its own goals. Not to mention, US industry, some big cities , states (especially CA) and regions are continuing their efforts. Given that these areas might represent half the country, we could possibly still meet our goals - especially if a Democrat wins in 2020.
briv1016
(1,570 posts)It's the only way.