India-US must work on climate change
US presidential envoy for climate John Kerry said while launching the Climate Action and Finance Mobilisation Dialogue (CAFMD) under India-US Climate Clean Energy Agenda 203) that the two countries have a major opportunity to work together on climate change in a way that will expand bilateral trade and investment in clean energy products and services. He added that the US looks forward to partnering with India to bring finances and technology that would help Asia’s third-largest economy transition from sources of energy like coal to greener options.
Kerry’s counterpart, India’s Environment Minister Bhupendra Yadav said that the country is working proactively working towards tackling climate change challenges and reducing carbon emissions. “I hope this dialogue will work to mobilise and deliver climate finance primarily as grants and concessional finance, as envisaged under the Paris Agreement to strengthen climate action,” he said.
The CAFMD includes the climate action segment under which the US and India would develop proposals to curb emissions, finance mobilization which would focus on attracting capital and technologies for India to scale up its renewable energy generation to its announced generation target of 450 GW, and climate adaptation and resilience that included efforts like extending India’s forest cover.