Dave Elliott: Renewables are booming across Asia, but there are variations in pace and rival options also play a role. An interesting paper by Indian academic Nandakumar Janardhanan looks at competition in renewables in developing countries in Asia, focusing on India and China. Janardhana notes that “India and China, being major developing economies and having huge energy appetite, focused heavily on strengthening their respective alternative energy sector” so as to reduce their over-reliance on conventional fossil fuels. He adds that “India depends on external oil supplies to meet two thirds of its oil demand, one third of oil demand in China is met by imports”. As a result, the renewable energy sector has gained great momentum in these two countries and “as innovation and development began to lead the growth of alternative energy sector, opportunities for expansion within their respective borders as well as outside emerged as promising avenues for the industry from both countries”.
Physics World 27th June 2018 read more »