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2.5 Billion Euros From Germany..for Solar Projects And Carbon Cut


Spartan

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proper ga utilization enta avutundo teliyadu..but if we put it to good use..

 

that would be a boost...

 

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NEW DELHI: Recognizing "renewable energy" and "efficient use of energy" as the most effective routes to mitigate climate-damaging greenhouse gas emissions, India and Germany on Monday decided to move on this path more aggressively under the new 'Indo-German Climate and Renewable Alliance'. They identified seven focus areas to intensify their ongoing cooperation. Germany, on its part, will provide soft loans worth one billion euros to India for solar projects over the next five years in addition to 1.15 billion euros that Berlin had committed earlier under 'Green Energy Corridors Partnership'.

The alliance will be a comprehensive partnership to harness "technology, innovation and finance" in order to make affordable, clean and renewable energy accessible to all and to foster climate change mitigation efforts in both countries.

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India had told the UN body on climate change on October 1, that the country would increase its share of clean energy by nearly 40% of its total energy mix by the year 2030, provided it gets support of finance and technology from the developed countries. New Delhi also highlighted that the country would need $ 2.5 trillion for this purpose by 2030.

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