Germany pledges additional 10 bn euros for India's climate action targets

India had committed to net zero emissions by 2070 and declared to source 50 per cent energy requirements from renewables by 2030

Germany on Monday committed an additional 10 billion euros assistance to India to help achieve climate action targets set for 2030 which include sourcing 50 per cent energy requirement from renewables and installing 500 GW of non-fossil fuel electricity capacity.

"Germany intends to strengthen its financial and technical cooperation and other assistance to India with a long-term goal of at least 10 billion euros of new and additional commitments till 2030 under this Partnership (for green and sustainable development),” said a joint statement issued after the sixth India-Germany Inter-Governmental Consultations (IGC) here.

The joint statement was issued after talks between Prime Minister