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India, Italy To Set Up Technology Centre For Renewable
Energy
Monday February 6, 2006
NEW DELHI, Feb 6 Asia Pulse - India and Italy will sign an agreement to set
up a research centre for developing new technologies to tap non-conventional
energy sources.
"We will sign a MoU with Ministry of Environment and Forest for establishing
a technology centre to design new technologies and identify projects to be
developed by the two governments with the participation from private
companies," Corrado Clini, Director General of Department for Environmental
Research and Development, Italy, said.
"We will be financing concrete and good projects," he said while addressing
a seminar on Clean Development Mechanism Co-operation between Italy and
India at Assocham.
However, he declined to reveal the amount that will be financed by the Italy
government.
The agreement was likely to be signed by the end of this month, Clini said,
adding the technology centre would be set-up in New Delhi during mid-2006.
Under Clean Development Mechanism (CDM), an industrialised country with a
green house gas reduction target can invest in a project in a developing
country without a target, and claim credit for the emission that the
projects achieve.
For industrialised countries, this greatly reduces the cost of meeting the
reduction commitments that they agreed to under the Kyoto Protocol.
Speaking at the seminar, Special Representative US Department of State
Harlan L Watson offered to help India achieve its rural electrification
programme through offering technology for tapping non-conventional energy
sources.
(PTI)
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