By India News Stream staff
August 1, 2018
New Delhi: India and Germany today signed two agreements on financial and technical cooperation involving Rupees 5250 crore, with focus on sustainable urban development.
These resources were pledged, within the framework of sixty year old Indo-German development cooperation, significant additional resources have been pledged for the energy sector.
Addressing media after signing the agreement, German ambassador Dr. Martin Ney said his country’s priority was on renewable and green energy.
“Why we invest so much in this form of energy is because these have tranformative effect as they will help India in fulfiling its commitment under the Paris climate deal and meeting UN sustainable development goals”, he said.
The German ambassador urged the Indian government to see that things are expedited under the various developmental project. This was not a criticism but it would be in India’s own interest that things moved faster, he added.
Dr. Ney pointed out that last year in Berlin, the two countries had signed agreements for sustainable urban development, sanitation, water and solid waste management, urban mobility, automation of urban transport and Ganga rejenuation.
In 2017 Germany pledged to provide India upto one billion euros over five years.
German financing know-how will lead to reductions in CO2 emmissions of about 1.3 million tones per annum and contribute to India’s goal of generating upto 100 Gigawatt solar energy by 2020.
On behalf of India, the agreement was inked by Sameer Kumar, Joint Secretary in the Deparment for economic affairs, Ministry of Finance.
Shanghai records highest May temperature in over 100 years
Shanghai: The Chinese city of Shanghai has recorded its highest temperature in May after more than 100 years, state media reported. On Monday, the maximum temperature stood at 36.1 degrees...
Cheetah deaths raise red flags on viability of ‘mock natural habitat’ Kuno
New Delhi: Project Cheetah took off about as swiftly as the cheetah, but whether it meets the same end as the big cat in the wild, is turning out to...
Thunderstorms, heavy rainfall paralyse Delhi; flight diversions & train delays reported
New Delhi:Thunderstorms and heavy rainfall lashed Delhi and its surrounding areas on Saturday morning, shrouding the National Capital Region (NCR) in a dense blanket of dark clouds. As the tempestuous...
Large mortality of fish in Kashmir’s Dal lake worries locals, experts
Srinagar: Hundreds of dead fish floating on the waters of the Dal Lake in J&K's Srinagar on Friday caused concern among the public and the experts over the ecological health...
Doctors advise caution as heatwave conditions persist in Delhi
New Delhi, May 22 (IANS) As the national capital is witnessing a severe rise in temperature and heatwave conditions, doctors on Monday warned people of adverse health effects. On Sunday, parts...
El Nino on the way, could wipe out $3 trillion of world economy
New Delhi: El Nino is on the horizon, which can lead to severe heat waves and droughts in many countries, including India, and could take a $3 trillion toll on...
New York City sinking at faster rate, 8 mn at coastal flooding risk
New York: New York City is sinking about 1-2 mm per year, from the weight of its skyscrapers, finds a study showing that the increasing sea level rise could put...
Delhi’s air quality deteriorates amid dust pollution
New Delhi: The air quality in the national capital deteriorated on Tuesday following a high level of dust pollution in various parts of the city and its surrounding areas. According...
From mountain peaks to ocean depths, climate change continued advance in 2022: WMO
New Delhi: From mountain peaks to ocean depths, climate change continued its advance in 2022, the annual reports from the World Meteorological Organization (WMO) said on Friday. Droughts, floods and...
El Nino may spur deadly heat waves in India
New Delhi: Climate models have predicted that El Nino is on the horizon, which can lead to severe heat waves and droughts, in many countries, including India. El Nino is...
ITC Mughal is first hotel globally to awarded LEED Zero Water Certification
New Delhi: ITC Mughal is the first hotel globally to be awarded the LEED Zero Water Certification by US Green Building Council. This is in line with ITC's commitment to...
Over 1 in 3 Americans live in areas with unhealthy air quality
Washington: Nearly 120 million people in the US, or more than one in three, live in areas with unhealthy air quality, and people of colour are disproportionately affected, according to...
