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DAILY NEWS ANALYSIS

  • 14 September, 2021

  • 5 Min Read

India US Climate Action and Finance Mobilization Dialogue (CAFMD)

India US Climate Action and Finance Mobilization Dialogue (CAFMD)

  • 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 United States is to collaborate with India to work towards installing 450 GW of renewable energy by 2030.
  • Currently, India’s installed power capacity is projected to be 476 GW by 2021-22, and is expected to rise to at least 817 GW by 2030.
  • Mr. Kerry was speaking at a public function following a meeting with Union Environment Minister Bhupender Yadav at the launch of the Climate Action and Finance Mobilization Dialogue (CAFMD).
  • 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, by Prime Minister Shri Narendra Modi and US President Mr Joseph Biden.
  • Mr Kerry said Monday’s dialogue would serve as a “powerful avenue” for U.S.-India collaboration, and would be based on three pillars.

Source: TH


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