BAKU, Azerbaijan, May 3. India and Germany agreed on the development of the hydrogen roadmap, in line with the agreement for green and sustainable development, Trend reports via Indian media.
According to the joint statement made by Indian Prime Minister Narendra Modi and German Chancellor Olaf Scholz at the joint press conference in Berlin, the roadmap will be based on the inputs by the Indo-German Green Hydrogen Task Force supported by the Indo-German Energy Forum (IGEF).
The Indo-German renewable energy partnership will be focused on innovations in solar energy and other renewables sector.
The German side expressed its will to provide financial and technical support including concessional loans of up to 1 billion euros from 2020 through 2025.
The sides also agreed on establishing cooperation in agriculture field, which will benefit the rural population and small-scale farmers in India in terms of income, food security, climate resilience, improved soil, biodiversity, forest restoration and water availability and promote the Indian experience globally. Regarding this initiative, Germany plans to provide financial and technical cooperation including concessional loans of up to 300 million euros until 2025 depending on high-quality project preparation and the availability of funds.
Both the countries will also work on the ‘Triangular Cooperation,’ based on individual strengths and experiences in development cooperation and offer sustainable, viable and inclusive projects in third countries to support the achievement of sustainable development goals (SDGs), and climate targets.