US keen to co-fin alternative energy projects
US President George Bush recently described America as a nation addicted to oil and exhorted top energy strategists to suggest ways to over-come this.
By Kalyan Parbat, TNN |
NEW DELHI: US President George Bush recently described America as a nation addicted to oil and exhorted top energy strategists to suggest ways to over-come this. One of the areas identified was homing in on technologies for alternative energy supplies, be it clean coal, renewable energy, solar, wind or biomass. Small wonder, the US has decided to co-finance alternative energy technology projects with partner countries, including India, under the `Asia-Pacific Partnership on Clean Energy Development’.
Partnering US in this alternative global energy drive are Australia, India, China, Japan and South Korea. India will be represented by the Bureau of Energy Efficiency which is a statutory body under the Union power minis-try. “A task force has been constituted representing the six partner coun-tries. Member countries are poised to finalise budgets and commit funds to carry out a round of financing for a string of innovative alternative energy technology projects in these countries,” said Mr Mark Ginsberg, senior executive board member in the US Department of Energy.
Mr Ginsberg was talking to reporters here on Monday at an interactive session on energy solutions organised by Indian Chamber of Commerce.
“The US State Department will be the executive secretariat for the Asia-Pacific alternative energy drive. India will be represented by the Bureau of Energy Efficiency, which will identify a string of innovative energy proj-ects that will be put up for a round of funding by the six partner coun-tries,” said Mr Ginsberg. He, however, declined to specify the total size of the corpus that was being targeted under the Asia-pacific initiative.
Significantly, the six-nation thrust will look at issues like development of clean electricty (with minimal emissions), global energy security and cli-mate change. The Asia-Pacific initiative is closely linked to the US Na-tional Energy Policy. At present, the US is also exploring development of greenfield nuclear capacities both at home and in overseas markets. The objectives are to cut down on carbon emissions and come up ways to re-cycle nuclear fuel and reduce nuclear waste.
Partnering US in this alternative global energy drive are Australia, India, China, Japan and South Korea. India will be represented by the Bureau of Energy Efficiency which is a statutory body under the Union power minis-try. “A task force has been constituted representing the six partner coun-tries. Member countries are poised to finalise budgets and commit funds to carry out a round of financing for a string of innovative alternative energy technology projects in these countries,” said Mr Mark Ginsberg, senior executive board member in the US Department of Energy.
Mr Ginsberg was talking to reporters here on Monday at an interactive session on energy solutions organised by Indian Chamber of Commerce.
“The US State Department will be the executive secretariat for the Asia-Pacific alternative energy drive. India will be represented by the Bureau of Energy Efficiency, which will identify a string of innovative energy proj-ects that will be put up for a round of funding by the six partner coun-tries,” said Mr Ginsberg. He, however, declined to specify the total size of the corpus that was being targeted under the Asia-pacific initiative.
Significantly, the six-nation thrust will look at issues like development of clean electricty (with minimal emissions), global energy security and cli-mate change. The Asia-Pacific initiative is closely linked to the US Na-tional Energy Policy. At present, the US is also exploring development of greenfield nuclear capacities both at home and in overseas markets. The objectives are to cut down on carbon emissions and come up ways to re-cycle nuclear fuel and reduce nuclear waste.
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