Germany will give more than 1.2 billion euros, or 10,025 crore rupees, to India to fight climate change and help the country in its energy transition.
The announcement comes as a delegation from the German Ministry of Economic Cooperation and Development is visiting India.
“One in five people on this planet is Indian. Without the Indians you cannot solve the big world problems, and one of the most important is climate change, ”German Ambassador Walter Lindner said at a press briefing, adding that the two countries would work together. to achieve the goals promised at the COP26 climate conference in Glasgow.
Earlier this year, a report by the Intergovernmental Panel on Climate Change (IPCC) predicted that India and Germany would suffer more from extreme weather events.
In view of the report, the two countries pledged to reduce their use of non-renewable energy and switch to cleaner alternatives at COP26 earlier this month.
India and Germany are responsible for almost 9% of greenhouse gases in the world.
“At COP26, India and Germany agreed to gradually reduce coal-fired electricity production. Germany will be phasing out coal by 2038, possibly much sooner. And India has just joined a multilateral coal transition program funded by the Climate Investments Funds and supported by Germany, ”said a statement from the German Embassy, adding that India will withdraw 50 gigawatts of power plants in the country. coal by 2027.
How does it stack up?
The new commitments will be split into € 713 million for energy, € 409 million for urban development and € 90 million for agroecology and natural resources, ANI reported, citing German government sources. The projects will support India’s ambition to expand solar power generation.
Currently, Germany collaborates with India in areas such as sustainable urban development (3.16 billion euros), energy (5.08 billion euros), vocational training, health and social protection (568 million euros) and the management of natural resources and agriculture (435 million euros).
“India is Germany’s biggest development cooperation partner. This 63-year cooperation is based on a solid foundation of shared values and vision. Both countries have been hit hard by climate change, ”Dr Claudia Warning, director general of the German Ministry of Economic Cooperation and Development, told ANI.
(Edited by : Shoma bhattacharjee)
First publication: STI