Britain will fall woefully short of its own renewable energy targets unless the government allows wind farms to be built closer to shore, the Carbon Trust said in a report on Tuesday.

Human-induced emissions are on the rise, says a new study

In a recent study, the Global Carbon Project stated that carbon emissions from human activity have grown nearly four times faster than in the 1990s. The emissions grew at 3.5 per cent per year between 2000 and 2007 as against 0.9 per cent per year between 1990 and 1999.

Several environmental and social impact reports pertaining to the installation of windmills in the Gharo-Keti Bander-Hyderabad Wind Corridor have been gathering dust at the Sindh Environmental Protection Agency offices due to a lack of interest of the officials and the authorities concerned.

The time and money being spent on wind power is perhaps not surprising when you consider that, based on global average annual wind speeds, worldwide there is the potential to generate 106 million gigawatt-hours of electricity per year from wind - five times the total amount of electricity generated globally today.

At first glance, clean technology, which either improves the efficiency or reduces the environmental impact of energy-related products, appears to be a booming industry. It is estimated to be worth $150bn now but will reach $600bn by 2020, a United Nations report says.

World Bank funding for efficient and renewable energy rose 87 this year to nearly US$2.7 billion, reflecting the importance of moving to a low-carbon economy, the bank's energy chief said on Thursday.

Investment in "green" energy projects is essential for poor countries hit hard by soaring oil prices, said Jamal Saghir, World Bank Director for Energy, Transport and Water.

Tata Power co has the wind and the sun in its hair

With the world economies painting a gloomy financial scenario, time couldn't have been more opportune to take stock of financing in the renewable energy sector in India. The 3rd Renewable Energy Finance Forum, which kicked off to a good start in Mumbai proved to be more than just an eye opener.

Mr Debashish Majumdar's experience spans over 30 years in the field of renewable energy and energy efficiency. An engineer from IIT Delhi, he has been with the Indian Renewable Energy Development Agency (IREDA) for over eleven years. Inwind Chronicle interviewed Mr Debashish Majumdar for his views on financing in the wind sector.

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