Germany pledged 10 billion euros to help India fight climate change, and achieve its climate goals which include cutting 50% of its carbon emissions and manufacturing 500GW of power through renewable means by the year 2030.
Both the countries agreed to develop an Indo-German Green Hydrogen Roadmap with the support of Indo-German Energy Forum areas of focus will be solar energy, renewable energy and its storage and transitioning from fossil fuels. India and Germany are also partnering to develop the Leh-Haryana transmission line to make the Ladakh region carbon neutral.
Both countries agreed to work on risk finance and insurance against climate catastrophes under the Global Initiative for Disaster Risk Management initiative. Germany also welcomed India’s announcement of becoming a member of the InsuResilience Global Partnership
"Germany intends to strengthen its financial and technical cooperation and other assistance to India with a long-term goal of at least 10 billion euros of new and additional commitments till 2030 under this Partnership (for green and sustainable development)," said a joint statement issued after the sixth India-Germany Intergovernmental Consultations (IGC)
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
