Germany, India sign US$10.5B green development deal

Germany and India signed a series of bilateral agreements Monday focused on sustainable development that will see the South Asian nation receive 10 billion Euros in aid by 2030 to boost the use of clean energy.

The agreements covered issues ranging from technical assistance to increase the use of renewable energy and hydrogen, to reducing greenhouse gas emissions, protecting biodiversity and improving agricultural land use.

Other areas of cooperation center on migration, nuclear research and the establishment of secure communications channels between the two governments.

Chancellor Scholz also invited India, Indonesia, Senegal and South Africa to attend the meeting of the Group of Seven major industrialized economies in Germany at the end of June.