Wednesday
May 4
2022

Germany, India Sign $10.5 Billion Green Development Deal

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 ($10.5 billion) in aid by 2030 to boost the use of clean energy.

The accords were signed during a visit to Berlin by India’s Prime Minister, Narendra Modi. 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.

Modi reiterated his call to both Russia and Ukraine to end the fighting, saying: “We believe that no party can emerge victorious in this war.”

Photo courtesy of Axel Fassio/CIFOR.

Source: The Seattle Times (link opens in a new window)

Categories
Energy, Environment
Tags
clean energy, global development, green business, renewable energy, sustainability