Sunday, January 31, 2010

China Leads Renewable Energy Race

The New York Times has this wake up call for the USA: Link But this could as well be directed at another country that needs to wake up and compete with China: India. While the Americans have a problem with cheap Chinese wind turbines coming up here, I think India needs to rejoice. A surplus in China will mean even lower prices - India imports a lot of turbines even now. It would be better to spend money on buying these from the Chinese than on spending India's hard-earned money on coal from China, Indonesia and Australia. In the long term, India would be less dependent on both the vagaries of pricing fossil fuels from other countries as well as on depleting supplies. This is an opportunity for Indians to not only work with the Chinese, but also to compete with them at the same time.

I hope someone in New Delhi is listening . . .

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