Some have suggested that gold could back the currencies of major emerging markets, and I think that would be a good idea, but I think none of the large emerging markets except Russia would dare or even want to do it. (alephblog.com)
The Global Status Report gives other encouraging examples of the falling cost of renewables, especially in major emerging markets. (wri.org)
This is happening when various other major emerging markets such as China, Brazil, Russia and South Africa are having a hard time handling their issues and comparatively India is doing a lot better. (policybazaar.com)