Malaysia announces $25 million for solar technology

Wed, 2006-08-30 11:30Kevin Grandia
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Malaysia announces $25 million for solar technology

Good to see this large oil exporter investing big in renewable energy. An investment such as this not only recognizes the harmful effects of fossil fuel consumption, but according to this story it also makes economic sense. To quote:

“Ahmad Hadri Haris, project leader for the photovoltaic or solar energy sector in Malaysia said it was the fastest-growing energy source in the world with expansion of 25-30 percent over the last 15 years.”
And it seems many people around the world agree with Ahmad, see here, here and here for examples. 
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Solar farm

Pressure continues to grow for European politicians to agree to further reductions of greenhouse gas emissions between now and 2030.

The European Union’s 2020 climate and energy package, which is binding legislation, calls for emissions to be cut by 20 per cent from 1990 levels by 2020. In addition, the plan calls for energy efficiency savings of 20 per cent and a 20 per cent increase in renewable energy technologies.

While the European Union seems largely on track to meet those targets, later this month...

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