Climate change is a result of the greatest market failure the world has seen. The evidence on the seriousness of the risks from inaction or delayed action is now overwhelming. We risk damages on a scale larger than the two world wars of the last century. The problem is global and the response must be a collaboration on a global scale.

Honesty is the best policy; but he who acts on that principle is not an honest man. He only is an honest man who does that which is right because it is right, and not from motives of policy; and then, he is rewarded by finding afterwards that the honest course he has pursued was in reality the most politic.

[Rural solar plant] schemes are of little help to industry or other heavy users of electricity. Nor is solar power yet as cheap as the grid. For all that, the rapid arrival of electric light to Indian villages is long overdue. When the national grid suffers its next huge outage, as it did in July 2012 when hundreds of millions were left in the dark, look for specks of light in the villages.

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