With oil and coal prices galloping away, India needs a diversified energy basket. What does the market for alternative fuels look like? Chhatrasal researches the answer --
The world is at a most interesting juncture. Oil prices have climbed to $145 a barrel. The growth of greenhouse gases (GHGs), which have now been acknowledged as causing global warming, continues unabated -- three per cent growth worldwide in 2007, with an eight per cent growth for China. What will it take to break the link between the use of fossil fuels and the untrammeled generation of GHGs? Could it finally be renewable energy? And where does India, ranked third in an E&Y survey for attractiveness for renewable investments, actually stand in this global picture?
