A “gold-rush-like” buzz has spread across Germany in the last week over tentative plans to invest the staggering sum of 400 billion euros to harvest solar power in the Sahara for energy users across Europe and northern Africa. Even though European and Mediterranean Union leaders have been exploring and studying for several years the idea of using concentrated solar power (CSP), the Desertec proposition suddenly captivated the public’s attention a week ago when German reinsurer Munich Re announced it had invited blue chip German companies such as Deutsche Bank, Siemens and several major utilities to a July 13 meeting on the project. The 20 companies aim to sign a memorandum of understanding to found the Desertec Industrial Initiative that could be supplying 15 percent of Europe’s electricity in the decades ahead.
from Pakistan: Now or Never?:
If Pakistan is to dig itself out of its current crisis it needs two things to happen. It needs strong economic growth to tackle poverty and undercut the appeal of hardline Islamists; and it needs peace with India if it is to permanently cut its ties with militants it has traditionally seen as a reserve force to be used against its much bigger neighbour. Or so goes the prevailing view.