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Germany: Germany will give 10 billion dollars assistance to India by 2030 for green projects, agreed during PM Modi’s visit to Berlin

Germany to give 10 billion dollars to India for green project

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India-Germany Green Projects: Germany will give 10 billion dollars to India to promote the use of clean energy by 2030. This includes meeting 50 percent of the energy requirement from renewable energy.

India and Germany have achieved sustainable development (India Germany Green Projects) under which clean energy (Green EnergyIndia will get 10 billion dollars by 2030 to promote the use of Germany (Germany) has made this announcement regarding India to help achieve the climate action goals set for 2030. This includes meeting 50 percent of the energy requirement from renewable energy and installing 500 GW of non-fossil fuel power capacity.

In this regard, a joint statement said, “Germany will extend its financial and technical cooperation and support to India, with the long-term goal of making new and additional commitments of at least 10 billion euros by 2030 under this partnership (for green and sustainable development). intends to strengthen other aid.’ The joint statement was issued after talks between Prime Minister Modi and German Chancellor Scholz. The two leaders agreed to create a bilateral ministerial mechanism within the IGC to provide political direction to this partnership.

PM reaches Berlin on first leg of visit

Prime Minister Narendra Modi reached Berlin on Monday morning on the first leg of his three-nation Europe tour. During this he will also visit Denmark and France. Addressing a press briefing on the conclusion of the first leg of the Prime Minister’s visit to Europe, Foreign Secretary Vinay Kwatra said the Joint Declaration Intent (JDI) provides a “long-term strategic perspective” to the development cooperation agenda between India and Germany. “I think the Declaration of Intent provides a long-term strategic perspective to the agenda of our overall development cooperation,” he said.

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Clean Hydrogen Hub to be set up

Under which Germany has agreed to a commitment of 10 billion euros by 2030, Kwatra said. The Foreign Secretary also talked about the agreement signed between the two countries on cooperation on green hydrogen and renewable energy. “As part of our partnership in this area, a task force in collaboration with Germany will work towards setting up a clean hydrogen hub in India,” he said. A total of nine agreements have been signed between India and Germany on Monday in many fields. PM Modi was formally given a guard of honor after a bilateral meeting with German Chancellor Olaf Scholz. This was their first meeting since Chancellor Scholz took office in December 2021.

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