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U.S. & China - Clean Energy Partners
November 18th, 2009
November 19, 2009 - On Tuesday, Presidents Barack Obama and Hu Jintao agreed to a set of 7 measures designed to increase cooperation between China and the United States in the areas of clean energy technologies and energy efficiency, furthering the two countries collaboration efforts in this area.
According to The Guardian, one major component of the agreement will be technology sharing between the two countries, including seed money provided by the U.S. Government for U.S. companies to showcase technologies. Peabody, one of the U.S. largest coal firms, will receive money to show off its "clean-coal" technology - scrubbing, washing and emissions reduction equipment. Also, the paper reports that General Electric will sign a deal with Shenhua, China's largest coal company, to share GE's gasification technology as well as carbon capture and storage knowledge.
While the agreements cover many of the days hot-button issues in regards to global climate change, in practice much of the cooperation may be difficult to achieve. U.S. sources say that no public monies will go to Chinese firms because the country is seen as a competitive rival in the space.
For more information on the seven areas of cooperation, visit the original White House Press Release.