Germany-India €20 Million IKI Climate Project Launched
Why in the news
A joint project worth about ₹180 crore started under Germany’s International Climate Initiative, with India as partner and a focus on fragile ecological regions.
Key facts
- Size: €20 million, roughly ₹180 crore, a Large Grant.
- Partners: Germany (donor) and India.
- Aim: climate resilience in ecologically fragile regions.
About IKI
- A German Government financing mechanism for overseas projects on climate change mitigation, adaptation and biodiversity conservation.
- Assists developing and emerging economies in meeting global climate goals.
- Established: 2008.
IKI coverage
| Aspect | Detail |
|---|---|
| Donor | Germany |
| Partner countries | 150+ |
| Priority countries | 14 countries, among them Mexico, Indonesia, South Africa, China, Brazil and India |
Objectives
- Back delivery and strengthening of NDCs (Nationally Determined Contributions) under the Paris Agreement.
- Help reach Convention on Biological Diversity (CBD) targets.
Exam angle
- IKI started in 2008.
- Terms: NDC, CBD, Paris Agreement.