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Climate Action and Finance Mobilization Dialogue (CAFMD) aims to advance inclusive and resilient economic development but there is much more potential in Indo-U.S bilateral relations for both to emerge as global leaders in the climate action and clean energy sectors. Analyse.

Topic: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests

3. Climate Action and Finance Mobilization Dialogue (CAFMD) aims to advance inclusive and resilient economic development but there is much more potential in Indo-U.S bilateral relations for both to emerge as global leaders in the climate action and clean energy sectors. Analyse. (250 words)

Difficulty level: Tough

Reference: The Hindu

Why the question:

India and the United States of America (USA) launched the “Climate Action and Finance Mobilization Dialogue (CAFMD).

Key Demand of the question:

To write about CAFMD and the fruther potential of Indo-U.S bilateral relationship with respect to

Directive word: 

Analyse – When asked to analyse, you must examine methodically the structure or nature of the topic by separating it into component parts and present them in a summary.

Structure of the answer:

Introduction: 

Begin by writing about Climate Action and Finance Mobilization Dialogue (CAFMD) and its objectives.

Body:

First write about the potential of CAFMD in developing resilient and inclusive economic development.

Next, bring out the recent Indo-U. S collaborations on clean energy projects Mention about the US- India target towards raising global climate ambition and speed India’s clean energy transition and U.S aid in India’s renewable energy targets etc

Next, write about the potential it has make them global leaders in clean energy sector. The opportunities presented by COP26, Climate Ambition, Climate Finance, Global Climate Initiatives, including International Solar Alliance (ISA), Agriculture Innovation Mission for Climate (AIM4C) etc

Conclusion:

Conclude with a way forward to truly realise the potential of this partnership.