During President Obama’s visit to China, the two countries have agreed on ways to increase cooperation in developing green technology. From UPI:
First, a U.S.-China Clean Energy Research Center will be established, the White House said in a statement. The $150 million center, equally funded by the two countries for five years, will facilitate joint research and development of clean energy technologies by teams of scientists and engineers from the United States and China and act as a clearinghouse to aid researchers in each country.
The two presidents also announced the beginning of the U.S.-China Electric Vehicles Initiative, which includes joint standards development, demonstration projects in more than a dozen cities, technical road-mapping and public education projects.
Also included in the package is a new U.S.-China Energy Efficiency Action Plan. Under the program, the two countries will work together to improve the energy efficiency of buildings, industrial facilities and appliances.
See explanations of the new initiatives as released by the White House.
Coinciding with the bilateral summit, two joint projects have been announced: A wind turbine factory to be jointly built in Texas by American and Chinese companies, and a deal by GE to implement its coal gasification technology to replace coal-powered processes in power plants in China.