Thursday, May 19, 2022

spot_img

India and Germany to launch an Indo-German Partnership for Green and Sustainable Development

India and Germany to launch an Indo-German Partnership for Green and Sustainable Development. Under this, Germany has committed to providing additional development assistance of €10 billion till 2030 to support India’s green growth plans. This assistance will be provided to India under the Joint Declaration of Intent (JDI) on Green and Sustainable Development Partnership signed between both nations on Monday, May 2. 

Prime Minister Narendra Modi and German Chancellor Olaf Scholz met on May 2, 2022, during the Prime Minister’s official visit to Europe. PM Narendra Modi held bilateral talks with Chancellor Olaf Scholz and also participated in the 6th round of InterGovernmental Consultations (IGC) between the two countries.

Financial Assistance 

The Government of India is taking various measures to facilitate the transition from fossil fuel/ fossil fuel-based feedstocks to green hydrogen /green ammonia. The financial and technical cooperation and other assistance to India by Germany will support in achieving the goals related to climate action and sustainable development space, further promoting German-Indian research and development (R&D), and encouraging private investment. It thus aims at leveraging further funding.  

Further, both sides will work towards identifying deliverables in the priority areas of energy transition, renewable energy, sustainable urban development, green mobility, circular economy, climate action inter alia on mitigation, climate resilience and adaptation, agro-ecological transformation, conservation, and sustainable use of biodiversity, environmental protection and sustainable use of natural resources.

Partnership for Green and Sustainable Development

Germany and India, both acknowledged their joint responsibility for the protection of the planet and for shared, sustainable and inclusive growth, leaving no one behind. 

The Indo-German Cooperation on Sustainable Development and Climate Action is guided by the commitments of India and Germany under the Paris Agreement and the SDGs, including pursuing efforts to hold the increase in the global average temperature to well below 2°C above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5°C above pre-industrial levels. 

The Joint Declaration of Intent establishes the Indo-German Partnership for Green and Sustainable Development and aims to intensify bilateral, triangular, and multilateral cooperation and accelerate actions towards climate protection. The climate targets declared by India and Germany during COP26 in Glasgow culminate in 2030, thus, the Joint Declaration would help both nations in achieving their respective objectives. 

As deliverables of the Indo-German Partnership for Green and Sustainable Development, both sides agreed to:

i) Develop an Indo-German Green Hydrogen Roadmap based on the inputs by the Indo-German Green Hydrogen Task Force supported by the Indo-German Energy Forum (IGEF).

ii) Establish an Indo-German Renewable Energy Partnership focusing on innovative solar energy and other renewables, 

iii) Establish a lighthouse cooperation on “Agroecology and Sustainable Management of Natural Resources” to benefit the rural population and small-scale farmers in India in terms of income, food security, climate resilience, improved soil, biodiversity, forest restoration and water availability and to promote Indian experience globally. 

iv) Further examine collaboration on Green Energy Corridors, e.g. the Leh-Haryana transmission line and the project of a carbon-neutral Ladakh.

v) Deepen cooperation in restoring forest landscapes under the Bonn Challenge as an important measure to fight poverty, preserve and restore biodiversity 

vi. Deepen cooperation on the creation of suitable conditions for the successful and sustainable use of green technologies, including in the area of reduction of air pollution.

vii. Work together on Triangular Cooperation, based on individual strengths and experiences in development cooperation and offer sustainable, viable and inclusive projects in third countries to support the achievement of SDGs and climate targets. The Indo-German Energy Forum was launched in 2006 and is a flagship cooperation program initiated under this partnership.

- Advertisement -spot_img
Latest news
Related news