The development process in India has just begun, and for development to happen, it will have to decrease the use of coal and adopt the more efficient solar energy.
Some of the climate advocates are concerned over Donald Trump’s win in the Presidential elections in the USA. They fear that Trump will withdraw U.S. from Paris climate deal but whatever Trump’s stance on climate change, there are certain aspects much more important than this. The first being technological advancement and the other being the strategy in developing countries.
The good news is, that the inexhaustible energy technology is already boisterous. The solar power doesn’t rely on government grants and loans for its continuance anymore.
”A decade from now, solar will start to replace some fossil-fuel plants. In other words, in many places it will be cheaper to simply scrap coal plants and build new solar plants in their place,” a new study from Bloomberg New Energy Finance (BNEF) claimed.
BNEF foresees that even with more and more solar energy usage, greenhouse gas emission will persist at or somewhat above present levels for the next 30 years. The amount of carbon discharge in China is twice as much carbon as the US per year.
India, with its huge population, is another cause of worry. India’s overpopulation is its cause of poverty and the effortless way to get rich is to industrialize by using its large coal reserves. Thus, Indian emissions are set to rise according to the BNEF report. In order to curb the hazardous effects of climate change, India needs to adopt different industrialization strategies.
”It will have to skip most of the coal stage and go right to solar. The falling cost of solar will help with that, obviously, but India’s unusually abundant, cheap coal resources mean it will be late to the renewable party unless the government takes action,” the experts of climate change said. ”A more realistic idea is to trade investment, trade access, and technology for dramatic action on the climate issue. ”
If India puts a high penalty on carbon and chooses other methods to replace coal with solar, developed nations should do two things. ”First, they should direct large amounts of investment India’s way, and drop trade barriers that keep out Indian goods. Second, they should set up technology transfer programs that give away clean energy know-how—solar, the wind and nuclear—to India,” the experts claimed.
This kind of arrangement would thus help it industrialize as soon as possible and would also help in curbing the climate change.