International Climate Initiative:
India and Germany launched a new Large Grant project for India, which has a funding volume of up to EUR 20 million under the International Climate Initiative.
- It is an important part of the German government’s international climate finance commitment.
- It was established in 2008.
- It operates within the framework of the United Nations Framework Convention on Climate Change (UNFCCC) and the Convention on Biological Diversity (CBD).
- It finances climate change mitigation and biodiversity conservation in developing, emerging and transition countries to implement and ambitiously develop the Nationally Determined Contributions (NDCs) anchored in the Paris Agreement.
- The IKI priority countries include Brazil, China, Colombia, Costa Rica, India, Indonesia, Mexico, Peru, the Philippines, South Africa, Thailand, Türkiye, Ukraine and Viet Nam.
- The funding programme combines the following four funding areas:
- Mitigating greenhouse gas emissions: Setting the course for global climate neutrality by 2050;
- Adaptation to the impacts of climate change: Strengthening resilience, making use of interconnections with mitigation and biodiversity approaches;
- Preserving and restoring carbon sinks: Combating the causes of global warming and the destruction of natural ecosystems;
- Conserving biological diversity: Implementing the Global Biodiversity Framework
