Germany signs Hydrogen cooperation agreement with India
News: India and Germany have agreed to a near 10 billion Euro partnership to strengthen financial and technical cooperation towards 2030 climate action and sustainable development goals. Prime Minister Narendra Modi and Chancellor Olaf Scholz signing a joint declaration of intent (JDI) establishing the Green and Sustainable Development Partnership (SDGs). This partnership envisages a whole-of-government approach to India-Germany cooperation on SDGs and climate action, under which Germany has agreed to make an advance commitment of 10 billion euros of new and additional development assistance until 2030.
Views: This will be beneficial to expand green hydrogen infrastructure in both countries. Green Hydrogen is seen as the fuel of future with Indian Government taking every step possible to make it more affordable. This declaration will help many Indian companies (NTPC, L&T, IOC) who are trying to break through into this technology.