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Climate Action And Finance Mobilization Dialogue (CAFMD)

Climate Action And Finance Mobilization Dialogue (CAFMD):

India and the United States of America (USA) launched 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.
  • The dialogue was formally launched by Union Minister of Environment, Forest and Climate Shri Bhupender Yadav and Mr. John Kerry, U.S. Special Presidential Envoy for Climate (SPEC), at an event held in New Delhi.
  • 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.
  • 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).

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