Germany has announced financial commitments worth over Rs 10,025 crore to India to help it fight climate change and also progress further in their ongoing energy transition.

“Every fifth person on this planet is Indian. Without Indians you cannot solve any big world problems, and one of the biggest is climate change,” German ambassador to India Walter Lindner was quoted by the Indian Express.

Lindner added, “We try to work together with India and help with climate change, renewable energy and similar projects, which also helps in working towards our own goals we promised at COP26 in Glasgow.”

Apparently, both India and Germany will be facing more extreme events due to climate change as per the Intergovernmental Panel on Climate Change (IPCC). Both countries together account for nearly 9 per cent of global greenhouse gas.

“At COP26, India and Germany agreed to phase down unabated coal power. Germany will exit coal by 2038, possibly much earlier. And India has just joined a multilateral Coal Transition Programme funded by the Climate Investments Funds and supported by Germany,” said a statement issued by the German Embassy.

The official statement of the German embassy also acknowledged that India, on similar lines, has also recognised 50 gigawatts of coal plants that will be retired by 2027.