Business India ×
 Climate Change

Government and Policy
Published on: May 4, 2022, 12:27 p.m.
India gets a clean energy boost
  • Modi with Scholz: taking the partnership to next level

By Business India Editorial

India will receive 10 billion euros ($10.5 billion) in aid by 2030 from Germany to boost the use of clean energy.

Germany and India signed a series of bilateral agreements on Monday focused on sustainable development during a visit to Berlin by Prime Minister Narendra Modi. 

Germany Chancellor Olaf Scholz has sought to elicit India’s support for the tough stance taken by Europe and the United States towards Russia over the war in Ukraine.

The agreements covered issues ranging from technical assistance to increase the use of renewable energy and hydrogen, to reducing greenhouse gas emissions, protecting biodiversity and improving agricultural land use. Other areas of cooperation centre on migration, nuclear research and the establishment of secure communications channels between the two governments.

Scholz also invited India, Indonesia, Senegal and South Africa to attend the meeting of the Group of Seven major industrialised economies in Germany at the end of June.

Meanwhile, the Joint Declaration of Intent (JDI) on Forest Landscape Restoration between India and Germany was signed virtually on Monday between Union Minister of Environment, Forest and Climate Change, Bhupender Yadav and Steffi Lemke, Minister for Environment, Nature Conservation, Nuclear Safety and Consumer Protection of the Federal Republic of Germany.

The declaration is one of the deliverables of the 6th India-Germany Inter-Governmental Consultations (IGC). During the event, Bhupender Yadav said that the JDI will provide the platform to take the partnership forward and support areas like conservation and restoration, climate protection and conservation of biodiversity. “This will also take our partnership to another significant step forward.”

This Joint Declaration of Intent on Forest Landscape Restoration will also help in strengthening Indo-German Cooperation under the dynamic guidance of our Leaders, the minister added.


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