INDIA–GERMANY RELATION

NEWS: Germany announced a €20 million Large Grant project for India under the International Climate Initiative (IKI) to strengthen ecosystem-based climate resilience

International Climate Initiative (IKI)

• Launch: In 2008à the Government of Germany launched a flagship international climate finance instrument
• Promotes climate mitigation and climate adaptationà aligning with global commitments under the Paris Agreement and the Convention on Biological Diversity.
• Financed throughà Germany’s federal budget and climate-related revenue streams, supporting projects across Asia, Africa, and Latin America.

Key Features

• Targets high-risk ecosystems including the Himalayas, Western Ghats, North-East India, island regions, and Lower Gangetic floodplains.
• Promotesà Forest restoration, biodiversity corridors, flood and erosion control, groundwater recharge etc
• Support to National Adaptation Plan (NAP)
• Explores blended financeà biodiversity credits, and climate risk insurance mechanisms to mobilise sustainable climate funding.