INTRODUCTION
- On September 13, 2021, India and the United States jointly launched the climate action and finance mobilization dialogue (CAFMD) of the agenda 2030 partnership.
- Bhupendra Yadav, union cabinet minister for environment, forest and climate change, tweeted, “Taking forward the initiative by Prime Minister Narendra Modi and President Joe Biden at the Leader’s Summit on Climate in April 2021, today both countries jointly launched the Climate Action and Finance Mobilization Dialogue of Agenda 2030 Partnership”.
- The dialogue will not only strengthen the India-US bilateral cooperation on climate and environment but will also help in demonstrating how the world can align swift climate action with resilient and inclusive economic development.
- The visit to India of John Kerry will support the US bilateral and multilateral climate efforts before the 26th Conference of the Parties (COP26) to the United Nations Framework Conventions on Climate Change (UNFCCC). In Glasgow, in the United Kingdom from 31 October to 12 November 2021, it will take place.
SIGNIFICANCE: –
- This CAFMD of agenda 2030 partnership will provide both India and the United States an opportunity to renew the collaborations on climate change while also addressing the financial aspects.
- For strengthening the climate action, it will deliver finance primarily as grants and concessional finance predicted under the Paris agreement.
