ANSWER: An initiative by US and India
Explanation:
- The United States is committed to bring to bear its technical capacity, resources and private sector, and is jointly launching with India new efforts, to spur greater investment in India’s renewable energy sector, including efforts that can serve as a model for other ISA Member Countries.
- In particular, the United States and India announced: the creation of a $20 million U.S. - India Clean Energy Finance (USICEF) initiative, equally supported by the United States and India, which is expected to mobilize up to $400 million to provide clean and renewable electricity to up to 1 million households by 2020;
- There is also a commitment to establish the U.S.-India Clean Energy Hub as the coordinating mechanism to focus United States Government efforts that, in partnership with leading Indian financial institutions, will increase renewable energy investment in India;
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