jcerdc

U.S., India establish $100 million green-tech fund

The U.S.-India Joint Clean Energy Research and Development Center is ready to offer $100 million in public and private-sector funding for green-tech research, the organization announced last week.

Specifically, the center's intent is to fund joint projects between U.S. and Indian research groups involving biofuels, solar energy, or building efficiency.

India and the U.S. are together contributing $50 million to the center, with the other $50 million expected to be privately matched.

The center was launched during President Obama's November 2010 trip to India and is a joint venture signed by both the president … Read more