It's economics, stupid!

... power sector. However, the most important question, is not whether green power generation is possible, but whether it is possible where it is needed the most. For this reason, it is still interesting to concentrate on the Asian region, whose China and India account for most of the world’s emissions. Thus, in both of these developing economies increasing shift to renewables indeed can become a real game-changer helping resolve a triple challenge in meeting growing demand for electricity. First of all, unlike in OECD countries, their electricity consumption is still driven by GDP and population growth, meaning ...