Obama to launch clean energy initiative in India
Washington: US President Barack Obama and India are expected to launch a joint initiative on clean energy, eyeing economic opportunities in an area that has long divided the two countries.
Obama arrives tomorrow on his first presidential visit to India, where many analysts say that relations with the US have lost momentum after warming rapidly over the past decade.
The United States and India will announce during Obama`s trip the creation of a centre for joint cooperation on developing clean energy, including solar power and biofuels, according to two people familiar with the plan.
Both nations and the private sector will fund the centre, they said. The United States is also expected to announce help for India to map out shale reserves, the deep- underground gas source that has triggered a boom in North America.
In slow-moving negotiations on a climate treaty to succeed the Kyoto Protocol, the United States and India have found themselves on opposite sides with emerging economies pressing for greater commitments by wealthy nations.
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