scorecardresearch
Monday, Sep 26, 2022

Germany announces €1.2 bn to help India fight climate change

The IPCC released earlier this year found that both India and Germany will suffer more extreme events due to climate change. Both countries together account for nearly 9 per cent of global greenhouse gas.

Germany, Germany news, climate change, climate change news, IPCC news, Intergovernmental Panel on Climate Change, Indian Express, India news, current affairs, Indian Express News Service, Express News Service, Express News, Indian Express India NewsA person carries a globe model during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 8, 2021. (Reuters)

GERMANY ON Wednesday announced new commitments worth more than €1.2 billion, or Rs 10,025 crore, to India to support its fight against climate change.

A statement released by Germany said the focus of the financial commitment to India will be to tackle climate change and assist in the country’s ongoing energy transition.

“Every fifth person on this planet is Indian. Without Indians you cannot solve any big world problems, and one of the biggest is climate change. We try to work together with India and help with climate change, renewable energy and similar projects, which also helps in working towards our own goals we promised at COP26 in Glasgow,’’said German Ambassador Walter Lindner.

The Intergovernmental Panel on Climate Change (IPCC) released earlier this year found that both India and Germany will suffer more extreme events due to climate change. Both countries together account for nearly 9 per cent of global greenhouse gas.

Subscriber Only Stories
UPSC Key-September 26, 2022: Why you should read ‘Attorney General of Ind...Premium
Congress & its missteps: Rajasthan latest in a series of own goalsPremium
UPSC Essentials: Key terms of the past week with MCQsPremium
ExplainSpeaking: Why RBI is likely to cut GDP growth forecast and raise i...Premium

immigration image

“At COP26, India and Germany agreed to phase down unabated coal power. Germany will exit coal by 2038, possibly much earlier. And India has just joined a multilateral Coal Transition Programme funded by the Climate Investments Funds and supported by Germany. Very concretely, India has already identified 50 gigawatts of coal plants for retirement by 2027,” said a statement issued by the German Embassy.

Germany is already working with India in the focal areas of Energy (€5.08 bn), Sustainable Urban Development (€3.16 bn), Management of

Natural Resources and Agriculture (€435 mn) and other activities, particularly vocational training, health and social protection (€568 mn).

Advertisement

In its new commitments, Germany has allotted €713 million for energy, €409 million for urban development and €90 million for agroecology and natural resources. These projects will include supporting India’s targets to expand solar power generation.

First published on: 25-11-2021 at 03:09:35 am
Next Story

Congress gives show cause notice to Preneet for supporting Capt Amarinder Singh

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement