2 years, 7 months ago
Germany, India sign $10.5B green development deal
Associated PressBERLIN — Germany and India signed a series of bilateral agreements Monday focused on sustainable development that will see the South Asian nation receive 10 billion euros in aid by 2030 to boost the use of clean energy. Germany Chancellor Olaf Scholz is seeking to elicit India’s support for the tough stance taken by Europe and the United States toward Russia over the war in Ukraine. The environmental group Germanwatch welcomed the accords, describing India as “swing state” for global efforts to tackle climate change. “Accelerating the energy transition there is a vital contribution to staying within the 1.5-degree limit,” said its policy director Christoph Bals, referring to the warming threshold set in the 2015 Paris climate agreement.
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