Merkel Pledges 1 Billion Euros to Fund Indian Solar Projects
- Investment in addition to 1b euros in India green-corridor
- Merkel concerned about renewed fighting in Afghanistan
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Germany pledged an investment of over 1 billion euros ($1.1 billion) in Indian solar power projects as Asia’s third-largest economy looks to reduce its dependence on fossil fuels.
That’s in addition to more than 1 billion euros for a green-corridor project in India, Prime Minister Narendra Modi said at a joint briefing with Chancellor Angela Merkel in New Delhi on Monday. Modi’s government estimates India needs at least $2.5 trillion by 2030 to cap pollution.