Climate Action and Finance Mobilisation Dialogue

Subject – IR

Context – India and U.S. to launch Climate Action and Finance Mobilisation Dialogue

Concept –

America’s Special Presidential Envoy for Climate John Kerry would travel to India next week, during which the two countries would launch the Climate Action and Finance Mobilisation Dialogue, the state department said on September 10.
The state department said Mr. Kerry will meet with Indian counterparts and private sector leaders to discuss efforts to raise global climate ambition and speed up India’s clean energy transition.
It is one of the two main tracks of the S.-India Agenda 2030 Partnership that President Biden and Prime Minister Modi announced at the Leaders Summit on Climate in April 2021.
The S.-India Climate and Clean Energy Agenda 2030 Partnership envisages bilateral cooperation on strong actions in the current decade to meet the goals of the Paris Agreement.
As a part of the Paris Agreement, India plans to reduce its carbon footprint by 33-35% from its 2005 levels and have 40% of its total installed power generation capacity from renewables, by 2030.