U.S.-India Partnership to Advance Clean Energy (PACE): A Progress Report
The United States is enhancing energy cooperation with India in light of the central role that energy plays in a wide range of priority issues – from climate change and energy security to energy access, economic growth, trade and investment. This report outlines this effort and its key achievements.
The U.S.-India Partnership to Advance Clean Energy (PACE) aims to enhance energy security and accelerate the adoption of clean energy. Begun in 2009, it focuses on spurring low carbon development by supporting research and deployment of clean energy; strengthening institutional and human capacity; improving the enabling environment; mobilizing financing for clean energy; and increasing awareness and understanding of clean energy technologies.
The two countries have helped finance, with private funds, a Joint Clean Energy Research and Development Center, which supports research and development in solar energy, biofuels and energy efficient buildings.
PACE highlights include:
- Mobilized nearly $2 billion for clean energy finance
- Supported the institutional framework and regulatory environment in four Indian states
- Created the Indian Renewable Energy and Energy Efficiency Policy Database
- Held the Energy Dialogue to review progress in 2012
- Established a new working group in 2013 to focus on sustainable growth
- Sponsored events and trade missions for U.S. companies to learn about clean energy opportunities in India