{"id":133759,"date":"2021-09-14T18:19:40","date_gmt":"2021-09-14T12:49:40","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=133759"},"modified":"2021-09-16T17:35:21","modified_gmt":"2021-09-16T12:05:21","slug":"india-and-us-launch-the-climate-action-and-finance-mobilization-dialogue-cafmd","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-and-us-launch-the-climate-action-and-finance-mobilization-dialogue-cafmd\/","title":{"rendered":"India and US launch the Climate Action and Finance Mobilization Dialogue (CAFMD)"},"content":{"rendered":"\n<h5><b>What is the News?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">India and the United States of America (USA) have jointly <\/span><span style=\"font-weight: 400;\">launched the \u201c<strong>Climate Action and Finance Mobilization Dialogue (CAFMD)<\/strong>\u201d.<\/span><\/p>\n<h5><b>About Climate Action and Finance Mobilization Dialogue (CAFMD)<\/b><\/h5>\n<p><b>CAFMD<\/b><span style=\"font-weight: 400;\"> is o<\/span><span style=\"font-weight: 400;\">ne of the two tracks of the <strong>India-U.S. Climate and Clean Energy Agenda 2030<\/strong> partnership launched at the Leaders&#8217; Summit on Climate in April 2021.<\/span><\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><span style=\"font-weight: 400;\"><strong>Read more<\/strong>: <a href=\"https:\/\/forumias.com\/blog\/pm-addressed-leaders-summit-on-climate\/\" target=\"_blank\" rel=\"noopener\">Leaders&#8217; Summit on Climate<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><b>Purpose of CAFMD<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">To <\/span><span style=\"font-weight: 400;\">help both the countries move towards decarbonising economies in sync with their respective commitments to deal with climate change.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">T<\/span><span style=\"font-weight: 400;\">he dialogue would have three pillars:\u00a0<\/span><\/p>\n<p><b>Climate Action Pillar:<\/b><span style=\"font-weight: 400;\"> Under this, India and the US <\/span><span style=\"font-weight: 400;\">will develop proposals together which can contribute to curbing emissions.<\/span><\/p>\n<p><b>Finance Mobilisation Pillar:<\/b><span style=\"font-weight: 400;\"> It would involve collaborating on attracting finance to deploy 450 GW of renewable energy and demonstrate at scale clean energy technologies.<\/span><\/p>\n<p><b>Note: <\/b><span style=\"font-weight: 400;\">India has increased its <\/span><b>renewable energy target to 450 GW by 2030<\/b><span style=\"font-weight: 400;\"> from 175 GW by 2022. Currently, India has already achieved the target of 100GW<\/span><\/p>\n<p><b>Adaptation and Resilience Pillar: <\/b><span style=\"font-weight: 400;\">Under this, the two countries will collaborate in building capacities to \u201cmeasure and manage climate risks&#8217;. They would include s<\/span><span style=\"font-weight: 400;\">etting out a roadmap to achieving the 450GW in transportation, buildings and industry.\u00a0<\/span><\/p>\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">This post is based on the following articles <\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">\u201c<\/span><b>India and US launch the Climate Action and Finance Mobilization Dialogue (CAFMD)<\/b><b>\u201d<\/b><span style=\"font-weight: 400;\"> published in<\/span><b> PIB <\/b><span style=\"font-weight: 400;\">on <\/span><b>13th September 2021.<\/b><\/li>\n<li><span style=\"font-weight: 400;\">\u201c<strong>India, U.S. to tie up on green energy<\/strong><\/span><strong>\u201d<\/strong><span style=\"font-weight: 400;\"> published in<\/span><b> The Hindu <\/b><span style=\"font-weight: 400;\">on <\/span><b>14th September 2021.<\/b><\/li>\n<li><strong>\u201cKerry visit marks India, US shifting gears for clean energy partnership<\/strong><b>\u201d<\/b><span style=\"font-weight: 400;\"> published in<\/span><b> Business Standard <\/b><span style=\"font-weight: 400;\">on <\/span><b>13th September 2021.<\/b><\/li>\n<li><strong>\u201cIndia, US launch joint climate action platform\u201d<\/strong><span style=\"font-weight: 400;\"> published in<\/span><b> Times of India <\/b><span style=\"font-weight: 400;\">on <\/span><b>14th September 2021.<\/b><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>What is the News? India and the United States of America (USA) have jointly launched the \u201cClimate Action and Finance Mobilization Dialogue (CAFMD)\u201d. About Climate Action and Finance Mobilization Dialogue (CAFMD) CAFMD is one of the two tracks of the India-U.S. Climate and Clean Energy Agenda 2030 partnership launched at the Leaders&#8217; Summit on Climate&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/india-and-us-launch-the-climate-action-and-finance-mobilization-dialogue-cafmd\/\">Continue reading <span class=\"screen-reader-text\">India and US launch the Climate Action and Finance Mobilization Dialogue (CAFMD)<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,4182,164,9],"tags":[9286,408,9373,8998],"class_list":["post-133759","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-environment","category-international-relations-daily-factly-articles","category-public","tag-carbon-emission","tag-climate-change","tag-climate-financing","tag-india-us-relations","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1700587919},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/133759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=133759"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/133759\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=133759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=133759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=133759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}