PACESetter Fund : Aims & corpus - Environmental ecology and Climate Change
Q. Consider the following statements about the PACESetter Fund
1. It is for Promoting Energy Access Through Clean Energy.
2. It has a corpus of around USD 8 million in which India will share half amount.
Which of the above statements is/are correct?- Published on 10 Jul 15a. Only 1
b. Only 2
c. Both
d. None
ANSWER: Both
India and the United States of America signed a Memorandum of Understanding (MoU) on cooperation to establish the PACESetter Fund. The fund will support the Promoting Energy Access Through Clean Energy (PEACE) track of the US-India Partnership to Advance Clean Energy (PACE) to accelerate the commercialization of off-grid clean energy through early-stage grant funding grants to develop and test innovative products, systems, and business models.
