Solar power to dominate by 2060

Note: This section contains information in English only.
Source: Commodityonline
© Scanpix/AFP

Dependence on the continuous energy supplies leads to seeking for alternative sources of power. Enough sunlight strikes our planet in 90 minutes to generate enough energy to meet whole population needs for one year, said International Energy Agency. The Agency believes the shift towards alternative energy sources like solar power is needed to decrease energy dependence and pollution; however, the shift likely to happen not earlier than by 2060.

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Tue, 06 Dec 2011 08:42:57 GMT

China's inflation is not a top issue of the government any more

China's government has started to focus on the lowering impact of the developed economies recession rather than on domestic inflation rate. Fine-tune of polices indicate the shift; the government decreased the reserve requirements for banks and is expected to cut taxes further to stimulate country's economic growth. China has to focus on providing adequate money supply thus inspiring economic development, said Yuan Gangming, researcher at Tsinghua

Tue, 06 Dec 2011 08:45:05 GMT

Emerging Asian markets are vulnerable to the European turmoil

Emerging Asian markets are exposed to liquidity outflow being as vulnerable to global recession as in 2008, said the Asian Development Bank. There is a high risk of deep crisis in the developed economies followed by slow recovery, the organization added. Policy makers have to be ready to handle the impact of the global slowdown to support emerging markets in their countries, said Iwan Azis

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