Importance of Indo-Pacific region:
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It is home to around 65% of the global population and 20 of the world’s 33 megacities.
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The region accounts for 62% of global GDP and 46% of the world’s merchandise trade.
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The region is also the source of more than half of all global carbon emissions.
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This is why Indo-Pacific countries are key partners in tackling global challenges such as climate change, sustainable energy production etc.
How India and Germany are important players in the Indo-Pacific region?
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Germany has realized that the world’s political and economic centre of gravity is shifting to the Indo-Pacific region.
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India will be the key player and strategic partner in this region.
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Germany is following Indo-Pacific guidelines that Germany adopted in 2020 and EU’s Indo-pacific strategy.
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Germany is a trading nation. More than 20% of German trade is conducted in the Indo-Pacific neighbourhood.
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Just like India, for Germany too it is vital for trade routes to stay open, to uphold freedom of navigation and to ensure peaceful resolution of disputes based on international law.
How did Germany and India cooperate with each other to tackle Climate Change?
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Germany cooperates with India to the tune of €1.3 billion a year in development projects.
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90% of which goes in fighting climate change, saving natural resources as well as promoting clean and green energy.
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It is also helping India in the construction of the solar plant in Maharashtra’s Dhule, having a capacity of 125 Megawatt.
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This will serve 2,20,000 households and generate annual CO2 savings of 155,000 tons.