US urged to end barriers in tech transfer

NEW DELHI: India has asked the United States to bring down the "barriers" preventing research and technology transfer and ensure easy funding in the renewable energy sector to combat the threats of climate change.

This was conveyed by Union Minister for New and Renewable Energy Farooq Abdullah to US Special Envoy for Climate Change Todd Stern in a meeting, where the two leaders also deliberated on ways to intensify collaboration to harness renewable energy.

"We have told them very clearly that renewable energy for instance sun is very expensive and therefore we are unable to give the boost that it needs.

"Secondly we also spoke on how they would make the research easily available to the developing nation, particularly to India," Abdullah later told reporters.

He also stressed on bringing down the barriers preventing technology transfer.

"Almost all the barriers that are there should be brought down. For low cost funding there need to have financing network in such a manner that the US could give money at easy loans to our industry to switch over to clean technology," the minister added.

-PTI