Emerging economies take lead on going green, but investment needed

BARCELONA (Thomson Reuters Foundation) – Emerging economies are increasingly taking the lead in shifting the world onto a cleaner development path, a senior World Bank official said on Wednesday, pointing to the role of China and India in pushing down the cost of producing solar power. In India, for example, recent auctions to construct and run solar plants have seen prices for solar energy drop as low as for coal-fired power, tilting the economics of

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Emerging economies take lead on going green, but investment needed

BARCELONA (Thomson Reuters Foundation) – Emerging economies are increasingly taking the lead in shifting the world onto a cleaner development path, a senior World Bank official said on Wednesday, pointing to the role of China and India in pushing down the cost of producing solar power. In India, for example, recent auctions to construct and run solar plants have seen prices for solar energy drop as low as for coal-fired power, tilting the economics of

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