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Green energy synonymous with renewable enegry is used to describe sources of energy which are considered environment friendly, non-polluting, and therefore may provide a remedy to the global warming, mostly caused by conventional fossil fuel burning. Generally, renewable energy combines that resources which restore themselves over short periods of time and do not diminish.

Latha Jishnu

Unlike the rest of the world, India has yet to wake up to solar energy's potential.

NEW DELHI (Reuters) - India is hoping to attract investments of more than $4 billion in renewable energy over the next 5-7 years, as it prepares to unveil a new biofuels policy within a month, renewable energy minister Vilas Muttemwar said.

Wall Street

World Bank funding for efficient and renewable energy rose 87 this year to nearly US$2.7 billion, reflecting the importance of moving to a low-carbon economy, the bank's energy chief said on Thursday.

Investment in "green" energy projects is essential for poor countries hit hard by soaring oil prices, said Jamal Saghir, World Bank Director for Energy, Transport and Water.

The US economy could generate 4.2 million new "green" jobs in the next 30 years, about 10 percent of all the jobs created, according to a study for the US Conference of Mayors released on Thursday.

The study found the United States now has about 750,000 green jobs, which generally involve producing renewable energy or providing engineering, legal or research support.

Bs Reporter / New Delhi September 30, 2008, 0:48 ISTIndia should aim to generate a fifth of its capacity expansion in the current plan period (2007-12) from renewable energy to avoid climate change effects, said United Nations Industrial Development Organization (Unido).

BY GOUTAM DASNEW DELHI

Edinburgh,Scotland has announced that it would build the world

Kolkata boasts of India