U.S.-China Alliance in Clean Energy

U.S. and Chinese Presidents, Barack Obama and Hu Jintao, more or less announced their partnership in clean energy technology last Tuesday. Specifically, the two signed official documents declaring their “cooperation on climate change, energy and environment.”
Their first task will be constructing a U.S-China Clean Energy Research Center in a joint effort to promote clean energy. The $150 million research center will facilitate research and development of clean energy technology by groups of engineers and scientists from the U.S. and China. The center will be both publicly and privately funded evenly between the two countries over the course of its predicted five-year construction period. Their current research priorities include energy efficiency, clean coal including carbon capture and storage, and clean vehicles.
Source: gsjournal.com