BEIJING, Nov 19, 2009 (AsiaPulse via COMTEX) -- ERC | Quote | Chart | News | PowerRating -- China and the US agreed to establish a clean energy research center in a joint statement signed on Tuesday after talks between Chinese president Hu Jintao and US president Barack Obama.
A protocol was signed between China's Ministry of Science and Technology, the National Energy Administration and the US' Department of Energy.
The research center will prioritize three topics including energy efficiency in buildings, clean coal, and clean vehicles. It will have one headquarter per country, with public and private funding of at least US$150 million over five years evenly split between the two countries.
CHINA, US AGREE TO SET UP CLEAN ENERGY RESEARCH CENTER
