What do a small Italian village, a community of millionaires in Oregon and a town in Austria have in common? Nearly all of their electricity needs are supplied by renewable energy. They are by no means the only ones. A growing number of communities are working towards using only electricity generated by renewables.

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.

One of the key problems with renewables is their intermittent availability. You can only generate energy from the wind when it is blowing, or from the sun when it's shining. Critics argue this is why we will never be able to rely on renewables for the majority of our electricity generation. But that criticism may soon be silenced.

Wind developers in the United States could be the first among the energy sector to fall victim to the global financial meltdown emanating from Wall Street. The banking crisis that began with bad loans in the US housing sector has now brought down several commercial banks, one of the world's largest insurance companies and leading investment banks.

According to recent statistics, U.S. motorists have responded to record-high prices at the pump by driving less. Any hope that this cutback will significantly restrain global oil prices is misplaced, however: fundamental factors of supply and demand in the world economy will keep oil costly for years to come. The hope that a cutback in driving by U.S.

The real danger of the Indo-US nuclear deal is that it formally recognises India as a legal nuclear weapons state and provides the platform for a closer integration of the Indian state and the economy with the global economy and power structure.