Geothermal is competitive. Its low cost per unit of energy generated, when compared with other renewable energies and fossil-fuelled generation make it an attractive option for policy-makers in developing countries to meet growing energy demand.
The Government of India has recently set a new, truly ambitious target for solar energy: 100,000 megawatts additional generation capacity in the next five years. To put the number in perspective, India’s current installed capacity of electricity generation from all sources of energy stands at 250,000 megawatts, of which solar accounts for just 2,700 megawatts.
Gianleo Frasari explains how public buy-in and bidding can reduce costs for concentrated solar power
Concentrated solar power (CSP) is an innovative, low-carbon power generation technology of great promise. However, because of its high costs and hefty upfront capital needs, global deployment is still low at around 3GW. To achieve cost reductions, CSP needs to see further deployment. But, for now all CSP technologies need some form of public support.
At the United Nations Framework Convention on Climate Change (UNFCCC) summit in Copenhagen in 2009 developed countries committed to “a goal” of raising $100 billion per year by 2020 to help developing countries to cut carbon emissions and to reduce the dangerous impacts of climate change on their economic development.
The panel Billion vs. Million Dollar CIF Projects: Does Size Matter in Transformational Change? discussed the impact of mega-projects and smaller-scale projects. Barbara Buchner, Senior Director, Climate Policy Initiative talked to IISD about the effect of the amount of finance on delivering transformational change
Jason Clay, Senior Vice President of Market Transformation, WWF looks forward after moderating the panel Multi-National Corpotations and SMEs Working Together: Sustainable Supply Chains for the Future. He notes the importance of sustainable agriculture and adaptability in business plans and development strategies.