India and the United States will launch a funding initiative to “speed” India’s transition to clean energy during Special Presidential Envoy John Kerry’s three-day visit to New Delhi starting Sunday.
The Climate Action and Finance Mobilization Dialogue (CAFMD), as the mechanism is called, was launched by Prime Minister Narendra Modi and US President Joe Biden during a climate summit the latter had hosted virtually of 40 world leaders in April.
John Kerry has spoken of the United States and allied countries raising a “huge amount” of private sector investment to help India’s efforts to mitigate global warming.
