Pakistan has become a signatory of International Renewable Energy Agency (IRENA) along with other 87 countries of the world. The Ambassador of Pakistan to Germany Shahid Kamal signed the statute of the International Renewable Energy Agency on behalf of the Government of Pakistan at a special signing ceremony held at German Foreign Office.
Wave energy could catch up with commercially more advanced offshore wind power within five years, the head of pioneers Aquamarine Power Ltd told Reuters.
"What it took 25 years to do in the wind industry, we want to do in five years," Chief Executive Officer Martin McAdam said in an interview.
The UK government is to launch an environmental study on marine energy projects in England and Wales, paving the way for commercial wave and tidal devices to be deployed.
The unwavering predictability and scale of the tides in some parts of the world make them an attractive renewable energy source. Some estimates put the energy in the world's tides at as much as 1 million GWh per year, or about 5 per cent of the electricity generated worldwide, though only a fraction of this is likely to be exploited due to practical constraints.
After initial success in deriving energy from water, sun, wind and biomass, India is poised for a great leap in making these the energy sources of the future.
MNES anticipates that its financing in the last two years of the Eighth Plan will be augmented by about Rs 1,300 crore, with the additional funding coming mainly as external assistance from the World Bank and GEF.
