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August 9, 2009

India Has Financial Resources but Wants Developed Countries to Bear Full Cost of its Solar Energy Program

Posted by : admin
Filed under : Enviornment News

A week ago a leading Indian daily published findings from a government report which assessed the feasibility of providing $17 billion in solar subsidies over the next 30 years.

The report notes that the Indian government has complete financial resources to fund the highly ambitious goal of increasing solar energy production to 200,000 MW, from current 2 MW, by 2050. But many independent experts have found flaws in the report and people within the government are concerned about a specific finding of the report.

The report notes that India will be able to afford the complete expenses of the program which will make India one of the largest producers of solar energy, if not the largest.

(T)he solar mission document suggests that India would be able to fund the entire project on its own. Government officials have pointed out that it would be hard to demand additional funds from the industrialized countries if India claims it can afford to sponsor such a large subsidy off its own resources.

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