India, the global energy supply and the "saffron revolution"
Naranda Modi (prime minister of India) and Stephen Harper (prime minister of Canada) recently met in Toronto where they announced a new 5-year agreement for India to purchase uranium from Saskatoon's Cameco corporation to generate nuclear energy in India. In an article at thehindu.com, Modi is reported as describing India's moves to support the so-called "saffron revolution" in which his administration is growing their commitments to nuclear, solar, wind, biomass and energy saving missions in India. The Hindu article states that: "At the heart of Mr. Modi’s speech was his repeated assertion, jan man badla hai, or “The minds of the people have changed," over his 10 months in office, and that India was finally on the move".
The announcement arrives at the same time that the journal Nature has published an opinion piece by Alan Rusbridger, editor--in-chief of the Guardian (London), that scientists must increase their professional and personal activism against the search and use of new fossil fuel energy sources. Rusbridger notes that: "the Guardian Media Group has, in the space of two months, moved from not really thinking very much about the issue to announcing that its £800-million (US$1.2-billion) fund will divest from fossil fuels within 2–5 years".
These events beg the question of which countries and technologies will be the winners and losers in the reshaping of the global energy supply in the coming decades and what the economic value of yet-to-be-exploited hydrocarbon resources will be going forward as well?
The announcement arrives at the same time that the journal Nature has published an opinion piece by Alan Rusbridger, editor--in-chief of the Guardian (London), that scientists must increase their professional and personal activism against the search and use of new fossil fuel energy sources. Rusbridger notes that: "the Guardian Media Group has, in the space of two months, moved from not really thinking very much about the issue to announcing that its £800-million (US$1.2-billion) fund will divest from fossil fuels within 2–5 years".
These events beg the question of which countries and technologies will be the winners and losers in the reshaping of the global energy supply in the coming decades and what the economic value of yet-to-be-exploited hydrocarbon resources will be going forward as well?