Germany partners with India to meet SDGs and climate targets by 2030


Berlin: Moving ahead with green and sustainable development partnerships, Germany has committed an additional 10 billion euros of assistance to India to help achieve the climate action targets set for 2030.
“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 Inter-Governmental Consultations (IGC) on Monday in Berlin.

The joint statement was issued, after the talks between German Chancellor Olaf Scholz and Prime Minister Narendra Modi, who is on three European countries tour.

At the COP-26 in Glasgow, India had committed to net zero emissions by 2070 and declared to source 50 per cent energy requirements from renewables by 2030. It had also assured to install 500 GW of non-fossil fuel power capacity and achieve carbon intensity reduction of 45 per cent over 2005 levels by 2030.

According to the official statement, “The Partnership 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”
Considering that the timeline for the realisation of SDGs and some of the climate targets declared by India and Germany during COP26 in Glasgow culminate in 2030, both the leaders have also decided to work together to learn from each other and to facilitate the achievement of their respective objectives.
This will support inter alia the achievement of their ambitious goals in the climate action and sustainable development space, further promote German-Indian research and development (R&D), encourage private investment and thus aim at leveraging further funding.

During the meeting India and Germany also decided 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.
Both the leaders also highlighted that, 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 holding 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.

They look forward to accelerate the implementation of these commitments and welcomed, in this respect, the Joint Declaration of Intent establishing the Indo-German Partnership for Green and Sustainable Development.
Modi and Scholz also stressed that the economic recovery should further build a more resilient, environmentally sustainable, climate-friendly and inclusive future for all in line with the 2030 Agenda for Sustainable Development and the national commitments by both countries under the Paris Agreement.
India and Germany have signed joint declaration of Intent on Indo-German Hydrogen Task Force. The declaration was signed virtually between Power and New and Renewable Energy Minister R.K Singh and German Minister for Economic Affairs and Climate Change Dr. Robert Habeck.
“India has emerged as one of the world leaders in energy transition with the fastest rate of growth of renewable energy capacities in the world. He emphasized that India has huge ambitions in energy transition and it will add 500 GigaWatt of non fossil fuel capacity by 2030” said RK Singh.
Germany also expressed its intention to provide financial and technical cooperation including concessional loans of up to 1 billion EUR from 2020 to 2025 depending on high quality project preparation and the availability of funds.


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