China and U.S. to share clean energy research

China, considered a world leader in clean energy development, and the U.S., which many people claim is falling behind in that field, are combining to develop joint research.

The federal Department of Energy has earmarked $37.5 million toward development of clean energy technologies. The money will go to American researchers and institutions, who must then match the funds to bring the total up to $75 million, the New York Times reported.

China will also allocate $75 million. All projects will involve researchers from both countries.

A new organization - U.S.-China Clean Energy Research Center - will be established in both nations.

Projects are expected to be aimed in three areas, according to the Times: buildings, clean coal and vehicles.

China isn't likely to be the only new research partner in clean energy. A similar program will likely be organized with India.