PM Modi in Berlin : Agreements signed for cooperation in Green and Sustainable Development

Berlin, May 3: Under the co-chairmanship of Federal Chancellor Olaf Scholz and Prime Minister Narendra Modi during the sixth round of Inter-Governmental Consultations, cooperation regarding Indo - German partnership for Green and Sustainable Development were on the table.

 

 

 

 

India and German govts acknowledged their joint responsibility for the protection of the planet and for shared, sustainable and inclusive growth, leaving no-one behind. Both leaders highlighted that Indo-German Cooperation on Sustainable Development and Climate Action is guided by the commitments of both the countries under the Paris Agreement and the Sustainable Development Goals (SDGs), including pursuing efforts to holding the increase in the global average temperature.

 

 

 

 

 

The Indo-German Partnership for Green and Sustainable Development will aim to intensify bilateral, triangular and multilateral cooperation and link it with the strong commitment of both sides on the implementation of the Paris Agreement and SDGs. 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. This will support achievement of their mutual goals in climate action and sustainable development space, further promote German-Indian R&D, encourage private investment and thus aim at leveraging further funding.

 

 

India and Germany have agreed to 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). The two have also agreed to establish an Indo-German Renewable Energy Partnership focusing on innovative solar energy and other renewables, including the associated challenges for electricity grids, storage and market design to facilitate a just energy transition. The partnership would also support creation of a circular economy for solar technologies. Further examination of collaboration on Green Energy Corridors like the Leh-Haryana transmission line and the project of a carbon neutral Ladakh was among the important pointers of the agreement.