Economist's Nightmare, Environmentalist's Delight?
Globalize Power Generation to Abate Global Warming Ganga Prasad G. Rao http://myprofile.cos.com/gangar Just yesterday, at www.livemint.com, I opined against India's voluntary involvement in any carbon reduction proposal. Clearly, as a country, India cannot afford to hold back the millions of its citizens in abject poverty to assuage the feelings of the developed world who conveniently forgot for decades that CO2 emissions turn the earth warmer. But, climate change will not stop for India, or for that matter, any other country. It has been gathering steam all these years and decades and now, alarmingly, it seems to be accelerating. We must reduce CO2 concentrations, and that too within a short period of time. 15 years post Kyoto, we have achieved little. Some, me included, would contend that the wave of privatization and competition in various economies and especially the power sector, has set us back and moved the world closer to an environmental catastrophe. Perhaps Kyoto has serv