The plant will emit 13 percent less carbon than a conventional coal-fired facility.
The plant will increase India's carbon emissions.
But, because it is not as bad as the old coal-fired plants, it qualifies for cheap, green development loans from the World Bank and the Asian Development Bank.
And, it will be given over £500million in free carbon credits by the UN.
These will be sold, via brokers and financiers, who take their cuts.
They will be bought by industries in the rich world who produce too much in the way of carbon emissions.
They will be bought, for example, by electricity generators in rich countries.
So, if an Indian company's carbon emissions appear to be low, that company can sell the difference, in the form of credits, to other companies that exceed their limits.
What about carbon offsets?
Offset firms estimate a company's emissions.
They then suggest ways the company can invest in carbon-reducing projects.
The company can buy a certificate saying, for example, that they have planted some trees.
He refers to the 'climate change industry' last year ripping off £129billion from the global economy.
He refers to a possible trillion-pound bonanza by 2020.
"The carbon permits come mainly from rich industrialists in the Third World and state enterprises in China, created out of mythical savings in carbon emissions."
"Climate change is now blamed for just about everything...
"Famines and drought have a long history in Ethiopia and development experts have traditionally blamed poor governance and the state’s exclusive, and inefficient, hold on farmland for that.
"But, with the possibility of another famine looming, Meles Zenawi, the country’s prime minister for the past 18 years, has preferred to blame climate change for his country’s woes." - The Economics and Politics of Climate Change
"Most rainforests are cleared ... for its timber value and then are followed by farming and ranching operations, even by world giants like Mitsubishi Corporation, Georgia Pacific, Texaco and Unocal."
"Experts agree that by leaving the rainforests intact and harvesting it's many nuts, fruits, oil-producing plants, and medicinal plants, the rainforest has more economic value than if they were cut down to make grazing land for cattle or for timber.
"The latest statistics show that rainforest land converted to cattle operations yields the land owner $60 per acre and if timber is harvested, the land is worth $400 per acre.
"However, if these renewable and sustainable resources are harvested, the land will yield the land owner $2,400 per acre." Rainforest Facts
4.Who to copy?
There is a dispute about global warming.
But, most people agree about the need to look after the environment.
Too many trees are being cut down, too much air is polluted and too many creatures are dying out.
A new report from the charity Oxfam says the world should copy Scotland in environmental policy.
One of Obama’s top advisers says the world must follow Scotland's lead in environmental policy.
Professor Diana Liverman, the Oxford scientist and presidential adviser, backs the Oxfam report that singles out Scotland as an example for the rest of the world to follow.
Malcolm Fleming, Oxfam's Scottish campaigns manager, said: "Scotland is already leading the world ... with targets guided by science rather than political expediency."
The Oxfam report states 375m people will likely be affected by climate-related disasters by 2015, and that 200m people may need to migrate each year by 2050 because of hunger, environmental degradation and loss of land.
Scotland is expected to provide around 25% of Europe's ALTERNATIVE energy.
Scotland's SNP government is OPPOSED to nuclear energy.
A study of 93 nations has found that only one nation - Cuba - is developing sustainably.
"The wholesale plunder of the planet’s natural resources has brought into sharp focus the necessity for some kind of global (and globally enforceable) regulation of what’s left of the planet’s precious cargo of life.
"But can capitalism undertake such a task?...
"There is a certain irony in the fact that Cuba, through force of circumstance, has had to embark on the construction of a sustainable economy." - Marx, the First Real Globalist
What is the problem with regard to Population and Growth?
"An international team led by Mathis Wackernagel of the Global Footprint Network looked at how the living conditions and ecological footprints of 93 nations have changed in the last 30 years.
"They used the ecological footprint (EF) index, a tool devised in 1993 by Wackernagel and William Rees, his PhD supervisor at the University of British Columbia, Canada. EF quantifies the area of land required to provide the infrastructure used by a person or a nation, the food and goods they consume, and to reabsorb the waste they produce, using available technology." We should not copy the poorest countries in Africa because, although they do not consume more than their fair share of resources, they do not have a decent standard of living for all their people.
Under no circumstances should we copy the USA or the United Arab Emirates, because they consume much more than their fair share of resources.
Tatamund-India (fuel-efficient-vehicles.org/energy-news/?m=200806)
