India-Germany ‘Green Deal’ agreement
Recently India and Germany have signed a green deal worth 10.5 billion dollars to promote the use of clean energy.
The plenary session of the 6th Inter-Governmental Consultations (IGC) between India and Germany was held in Berlin. At its conclusion, the two countries signed a joint declaration of intent to establish a green and sustainable development partnership.
The aim of this agreement is to enhance bilateral, trilateral and multilateral cooperation. At the same time, action has to be intensified in the direction of climate protection.
India and Germany announced climate goals during the COP26 conference held in Glasgow. The period of achievement of these declared climate goals will end in 2030. Thus, this joint declaration will help both the countries to achieve their respective goals.
The following cooperation areas are covered under this partnership:
- Development of India-Germany Green Hydrogen Roadmap: This roadmap will be based on inputs given by the Indo-German Green Hydrogen Task Force. It will be assisted by the Indo-German Energy Forum (IGEP).
- Establishment of India-Germany Renewable Energy Partnership: It will focus on innovative solar energy and other renewable energy. A pioneering collaboration will be established on “Agriculture Ecology and Sustainable Management of Natural Resources”.
- Cooperation in restoring forest landscapes will be increased under the Bonn Challenge.
- Increasing cooperation on green energy corridors: Leh-Haryana transmission line and the project of carbon neutral Ladakh are some of the prime examples.
Some other initiatives announced
- India-Germany Partnership on Green Urban Mobility: This partnership will support the integration of sustainable modes of transport like metro, light metro etc.
- NITI Aayog-BMZ Dialogue: It aims to strengthen the localization of Sustainable Development Goals (SDGs) at the city level.
Source – The Hindu