India, US launch Climate Action and Finance Mobilization Dialogue

India and the United States on Monday (September 13, 2021) jointly launched the Climate Action and Finance Mobilization Dialogue (CAFMD) of the Agenda 2030 Partnership. 

The Union Cabinet Minister for Environment, Forest & Climate Change Bhupender Yadav met US Special Presidential Envoy for Climate John Kerry and stated that CAFMD will provide both countries with an opportunity to renew collaborations on climate change. 

Key Highlights

• The Prioritizing Clean Energy and Climate Cooperation with India Act of 2021 introduced by Senator Robert Menendez, Chairman of the Senate Foreign Relations Committee, comes a day after the United States Special Presidential Envoy for Climate John Kerry launched the Climate Action and Finance Mobilization Dialogue in New Delhi.
• Given the shared threat of climate change and India’s growing need for electricity, there is a strong case to be made for strengthening the US-India clean energy partnership. In that vein, I am introducing this legislation having witnessed firsthand the positive results that come when our nations work as a team to tackle common challenges, he said.
  
• By establishing the US-India Climate and Clean Energy Partnership, we are laying the groundwork for successful partnerships between not only the US and Indian governments, but also our universities and private sectors. I am proud to lead this effort to further strengthen our relationship with India, Menendez said.
  
• The legislation among other things establishes the United States-India Climate and Clean Energy Partnership (CCEP) as the main forum for cooperation between the US and India on clean energy technologies and energy transmission.

SOURCE: The Hindu, Business Standard

Download as PDF