What are you worried about the future of India?
"India is one of our most important partners in the fight against climate change"
One sixth of all people on earth live in India. The sheer size of this country alone, which today has around 1.3 billion inhabitants and will have an estimated 1.7 billion in 2050, makes it a decisive factor for the development of the climate on our planet. "We need India to solve global environmental problems," says German Environment Minister Svenja Schulze, "India is one of our most important partners in the fight against climate change."
India already consumes the third most electricity of any country and emits the third largest amount of carbon dioxide, behind China and the USA. Coal power plants alone still produce almost two thirds of the electricity. However, the share of renewable energies is expected to increase to 40 percent by 2040.
The country is only at the beginning of its path to becoming a developed industrial nation. For comparison: In Germany, CO2 emissions per capita are six times as high as in India. But India is growing all the time. The gross national product has increased by an average of 7.4 percent per year over the past two decades. The number of urban centers with more than one million inhabitants has risen to 71. With urbanization, the need for local public transport and housing grows. Their number is expected to double by 2030 compared to 2018. Although only 30 percent of the population currently live in cities, they are already causing significantly higher pollutant emissions than the rural population.
The Indian government has committed itself to complying with the climate protection goals set out in the Paris Agreement. An apparently secondary aspect shows the tremendous efforts the country is facing. Growing prosperity on the hot subcontinent also means being able to afford cooling. In 2016, 27 million air conditioners were running in India. The International Energy Agency predicts that it will be 1.1 billion in 2050. The temperature control of the apartments alone would then, measured against today's consumption values, require twice as much electricity per year as Germany consumed in 2018 overall.
India must shape economic growth ecologically
India can only achieve its climate protection goals if it organizes economic growth in an ecological way. KfW supports the state in this endeavor. "It is in everyone's interest that we support India in its growth process with sustainable financing in climate protection and infrastructure," says KfW Board Member Joachim Nagel. That is why KfW has increased financial support for ecological projects in India in recent years. In the past six years alone, loans of around five billion euros have flowed into energy-efficient house construction, the production of green electricity, the expansion of efficient electricity networks and the development of sustainable public transport systems.
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