Wednesday
November 6
2019

Germany To Give 1 Billion Euros To India To Lower Green House Gas Effect

India and Germany today agreed to provide financial support to climate initiatives aimed at reducing greenhouse gas emissions, with the latter expressing its readiness to provide one billion euros to India for green urban mobility.

The two countries signed a joint declaration on the matter after Prime Minister Narendra Modi met German Chancellor Angela Merkel, who was on a two-day visit in the country for the 5th Indo-German Inter-Governmental Consultations to strengthen bilateral ties.

Both leaders expressed grave concern about the currently inadequate global level of climate action and called on all countries to step up their efforts.

A joint statement issued after the meeting said both the countries concurred that providing low-carbon and sustainable mobility solutions that serve the needs of all citizens is a key challenge for both emerging and industrialized economies.

Photo courtesy of Ronit Bhattacharjee.

Source: NDTV (link opens in a new window)

Categories
Environment
Tags
climate change, environment, foreign aid, transportation, urban development