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Germany to provide €10 billion to India over next 8 years to aid fight against global warming – Times Now

Wind turbines are seen at the Gouda Wind Farm located 115 km north east of Cape Town in South Africa | Representational image

Wind turbines are seen at the Gouda Wind Farm located 115 km north east of Cape Town in South Africa | Representational image

Photo : AP

To ensure that developing countries like India, one of the biggest emitters of greenhouse gases (who emits very little per capita compared with the West or even China), get proper technology to keep global warming in check, Germany will provide € 10 billion over the next eight years. This is primarily to strengthen renewable energy modules, help in building smart cities and protect biodiversity, by helping in organic farming. Around €1 billion will be given this year.

About 90 percent of the 10 billion euros will be in the form of loans at low interest— of about 2.7 to 3.5 percent, spread over many years. The rest will be in the form of grants.

Germany is working with India on over 22 long term renewable projects across the country, including states of Rajasthan, Himachal Pradesh and Meghalaya. Renewable energy in Rajasthan will be using solar panels and wind farms and also, biomass related projects. Much of the aid will be for getting renewable energy to replace fossil fuels.
Germany is also looking at offshore wind farms – particularly in areas such as Gujarat and Tamil Nadu. Denmark is also involved in offshore wind farms in these states.

Global warming is a result of increasing carbon dioxide emissions from the burning of coal and also, petroleum products. This has increased exponentially after the industrial revolution in European countries and the United States from the 1850s.

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