The United States and India announced a joint $50 million fund to promote research in clean energy technologies Wednesday, a step seen as a rapprochement on how to best fight climate change. The fund will help establish the Indo-US Joint Clean Energy Research and Development Center, which will finance academia, institutions and industry from both countries to undertake the research. "This is the first collaborative research effort of its kind, where Indian and US researchers will be jointly selected," US Ambassador to India Timothy J. Roemer said in a statement. "It elevates the US-India clean energy cooperation to a new level and is a testament to the strength of our continued strategic partnership." In the global fight against climate change, two of the world's most populous democracies are opposed on the field of debate, a rift seen as a major stumbling block toward signing an international agreement on curbing global warming. Developed nations, led by the US, want emerging economies such as China and India to share the burden of any climate action. Emerging nations say they will accept international consultation and analysis of their emissions actions, but not anything equal to the standards expected of rich economies. A gap also exists between rich countries reluctant to pay the fiscal and lifestyle costs of deep cuts in their emissions, and developing states, which claim that they must be allowed to increase emissions so their economies can catch up. The US statement said the awards from the new fund would be made to consortia having the knowledge and experience to undertake collaborative research programs. Reuters |