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India, US to raise $100 billion annually to fight climate change

  • Sun Online Desk
  • 15th October, 2021 08:53:32 PM
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India and the US on Thursday reaffirmed their commitment to raising $100 billion annually from public and private sector sources to help develop the two countries’ efforts to tackle climate change, reports Hindustan Times.

The climate crisis was the first topic of discussion at a meeting of the India-US Economic and Financial Partnership on Thursday under the leadership of India’s finance minister Nirmala Sitharaman and US treasury secretary Janet Yellen.

The India-US Economic and Financial Partnership was launched in 2010 as a framework to cement economic bonds between the two countries and build a foundation for greater cooperation and economic growth in the future.

Thursday’s meeting was the first since the Covid-19 pandemic.

The two sides also reiterated their commitment to sharing information on income tax on expats.