Germany has announced new development commitments to the tune of more than EUR 1.2 billion (approx. INR 10,025 crore) to aid India’s fight against climate change and for cooperation on clean energy.
This announcement was made amid the visit of a delegation from the German Ministry of Economic Cooperation and Development.
“While we try to support India, we fulfil our own goals promised in Glasgow. Here, we assist India in a range of projects across the country that is huge in dimension. I travel a lot through this country and everywhere I find different projects that the two countries are working together and learning from each other,” the ambassador added.
Professor Dr Claudia Warning, Director General from the German Ministry for Economic Cooperation and Development said, “India is the biggest development cooperation partner for Germany. This cooperation of 63 years is based on a strong foundation of shared values and vision. Both countries have borne the brunt of climate change.“
“Germany wants to strengthen this partnership even further and hence it remains committed to its friendship with the people of India,” Dr Warning added.
The Indo-German cooperation is resting on four key megatrends i.e. climate change, urbanisation, degradation of natural resources, pressure on democracy and society.
Interestingly, India and Germany account together for nearly 9 per cent of global greenhouse gas (GHG), a strict policy of climate neutrality only way forward.
Germany raised its climate ambition, targeting to reach climate neutrality by 2045 and emissions reductions in the energy and industry sectors by 77 and 58 per cent compared to 1990. As announced by Prime Minister Narendra Modi at COP 26, India targets to achieve net-zero emissions by 2070.
At COP26, India and Germany agreed to phase down unabated coal power. In a significant addition, India has already identified 50 gigawatts (GW) of coal plants for retirement by 2027.