In a bid to increase cooperation in clean energy space, India and the US have decided to establish a working group to discuss financing options for power generation through renewable sources.
The decision was taken in Washington at the day-long India-US energy dialogue, co-chaired by Planning Commission member B K Chaturvedi and the US energy secretary Steven Chu.
The two countries also agreed to establish another working group on 'low carbon growth' for assessment of carbon dioxide emissions from different industries and for initiating steps for reduction of such emissions.
The top officials to participate in the energy dialogue included Indian foreign secretary Ranjan Mathai, deputy energy secretary Daniel Poneman and the acting under secretary of energy David Sandalow.
According to a statement issued by the Indian embassy, the two sides lauded the successful implementation of the decision by prime minister Manmohan Singh
and US president Barack Obama in November 2010 on establishing a "virtual" Joint Clean Energy Research and Development Centre (JCERD).
This comes as the first bilateral initiative designed specifically to promote clean energy initiative by team of scientists from India and the US, with a total joint committed funding from respective governments of $50 million.