💨 Abstract

The U.S. and India plan to collaborate on a $1 billion multilateral financing through the International Bank for Reconstruction and Development for a clean energy manufacturing partnership. The focus will be on expanding supply-side capacity for solar, wind, battery, grid systems, and efficient appliances. They aim to mobilize additional funds for priority sectors and pioneer innovative financial vehicles.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖