India and US launch the Climate Action and Finance Mobilization Dialogue

WHY IN THE NEWS?

• India and the United States of America (USA) have launched the “Climate Action and Finance Mobilization Dialogue (CAFMD)”. It will strengthen India-US bilateral cooperation on climate and environment.
• The dialogue was launched by Union Minister of Environment, Forest and Climate Bhupender Yadav and Mr John Kerry, U.S. Special Presidential Envoy for Climate (SPEC) in New Delhi.
• “Climate Action and Finance Mobilization Dialogue (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 other track is Strategic Clean Energy Partnership.
• CAFMD will demonstrate how the world can align swift climate action with inclusive and resilient economic development, taking into account national circumstances and sustainable development priorities