India and USA have undertaken new initiatives to enhance clean energy cooperation as follows:
i. Launched Innovative Finance Forum.
ii. Established PACESetter Funds to support innovative clean energy access projects.
iii. Both the countries desire to expand current Partnership to Advance Clean Energy Development (PACE-D).
iv. Renewed commitment to expanding Partnership to Advance Clean Energy Research (PACE-R).
A Joint Indo-US PACESetter Fund has been established with a contribution of US$ 4 million (INR 25 crores) from each side for providing grants for seed capital for innovative clean energy projects. There is no financial commitment from Government of India for PACE-D and PACE-R. This was stated by Sh. Piyush Goyal, Minister of state for Power, Coal & New and Renewable Energy (Independent Charge) in a written reply to a question in the Rajya Sabha today.
RM/RS-USQ704-RS
i. Launched Innovative Finance Forum.
ii. Established PACESetter Funds to support innovative clean energy access projects.
iii. Both the countries desire to expand current Partnership to Advance Clean Energy Development (PACE-D).
iv. Renewed commitment to expanding Partnership to Advance Clean Energy Research (PACE-R).
A Joint Indo-US PACESetter Fund has been established with a contribution of US$ 4 million (INR 25 crores) from each side for providing grants for seed capital for innovative clean energy projects. There is no financial commitment from Government of India for PACE-D and PACE-R. This was stated by Sh. Piyush Goyal, Minister of state for Power, Coal & New and Renewable Energy (Independent Charge) in a written reply to a question in the Rajya Sabha today.
RM/RS-USQ704-RS
