If the whole United States went dark, would we do something to address our dependence on centralized power and an aging grid?
In the third world, the leapfrogging has already begun.
Like the United States and China, more than half of India’s power comes from coal-fired power plants, but in India’s case, it hasn’t been able to get enough coal lately, driving up prices. Meanwhile, poor rains have left the country’s hydroelectric dams — some 19 percent of its generation mix — without the water they need to generate power. Overall, India’s peak power demand has been outstripping supply by about 9 percent during the latest summer peaks, when air conditioning, a mark of an upwardly mobile lifestyle, starts to kick in.
All of that inefficiency and waste has a price. The Wall Street Journal reports that India’s poor infrastructure consistently shaves about 2 percent from its annual GDP growth…
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