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Pradeep Kumar

14/09/21 10:05 AM IST

Climate Action and Finance Mobilization Dialogue (CAFMD)

In news

India and the United States of America (USA) launched the “Climate Action and Finance Mobilization Dialogue (CAFMD)”

Details
  • The CAFMD is one of the two tracks of the India-U.S. Climate and Clean Energy Agenda 2030 partnership launched at the Leaders' Summit on Climate in April 2021.
  • The dialogue will not only strengthen India-US bilateral cooperation on climate and environment but will also help to demonstrate how the world can align swift climate action with inclusive and resilient economic development, taking into account national circumstances and sustainable development priorities.
  • India and the United States are natural partners with shared values and our agenda encompasses all major pillars of our strategic priorities - including defence, security, energy, technology, education and healthcare.
  • The US Climate envoy lauded India’s leadership role in demonstrating how economic development andclean energy can go hand in hand and stated that urgent Global Climate Action is the need of the hour.
The launch was preceded by a bilateral meet where both sides discussed at length a wide range of climate issues relating to COP26, Climate Ambition, Climate Finance, Global Climate Initiatives including International Solar Alliance (ISA), Agriculture Innovation Mission for Climate (AIM4C).

Source: PIB

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