As evidenced by the fall of the rupee and the widening account deficit, India’s dependence on oil has left it bruised by global forces. In previous oil crises, India had no choice but to tighten budgets.
But things are different now; advancing technologies offer a permanent solution to this and another dire problem: pollution. The country needs to take an aggressive approach to replacing fossil fuels with energy from the sun and wind.
What blocked humanity’s ability to tap the sun until recently was the cost of capturing its energy and converting it into electricity. Now, a few things have changed. We have become much better at making semiconductors for computers; and those same silicon technologies are what convert solar energy into electricity.
We have developed ways to make solar panels from thinner slivers of silicon. We have gotten much better also at figuring out how to squeeze more out of the solar energy we capture. And, most importantly, economies of scale are beginning to affect the price. Read more
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