A Glimmer of Hope?

According to a recent United Nations report, major investments are being made in renewable energies like solar, wind and such. A whopping 110 billion U.S dollars have been invested against the 110 billion dollars ear marked for power generation using fossil fuel. Some comfort indeed!

It is really heartwarming to know that developing countries like India and China are at the forefront of this very welcome phenomenon. Like many developed countries they too want to bring down the dependence on fossil fuels for power generation. If they do this with sincerity and commitment they will be making amends for the harm they are presently doing to the environment.

It is happy to note that this process is slowly turning the tables on fossil fuels. A lot of capital is brought in to further this activity. Let’s hope that the trend will continue in the face of the prevailing economic depression and diminishing fresh investments.

Investors found wind energy more attractive with bio fuels close at heels. Other forms like solar and wave energies are also getting to be attractive.
All this hectic activity is fine of course, but a word of caution! The time hasn’t come to heave a deep sigh of relief. We are only looking at the future scenario. But many of the prevailing practices continue unabated. Still we can take satisfaction from the fact that a change is slowly being made.

Let’s hope that the trend will continue until renewable energy sources replace fossil fuels altogether or at least to a considerable extent.