India’s Government plans to invest $ 2.5 billion in solar & storage to get 300 million of its 11.3 billion people onto the grid by 2018. Meanwhile, plans are already in negotiation with Australian Government to import more coal, as the cheapest form of fuel for the poor. If Solar & Battery Storage technologies continue to advance on their current trajectory, they will undercut coal by end of the decade. Carbon dioxide emissions would then be reduced by 10%
In the U.K. the cost of Solar Power has reduced by 40% 2012 ( KPMG) Energy experts argue that technological advances will soon make it as cheap as Fossil Fuel. There needs to be a transition away from centralised power generation, it is argued .
E.g. Nissan investment in Electric cars & Storage Battery technologies.
And note that the cost of the delayed Hinckley Point Nuclear Reactor may rise by £3.bn.to £21 bn.
SOURCES : –
Unearthed – Greenpeace HERE
Alan Tovey Daily Telegraph Business Editor 5 May 2016 – HERE
TERI : Energy & Resource Institute. New Delhi – HERE
Guardian 4 May 2017 Nissan investments Home Batteries – HERE
Melanie Klein Labour Party Conference 2017 International speaker – HERE
Photo – India Energy Storage Alliance –HERE