Both U.S. and Germany have proposed setting up an India-G7 partnership to help fund and support India’s transition from a “fossil-based economy to a carbon-neutral economy.”
The plan is to prepare a ‘Just Energy Transition Plan‘ specific to India which will take into consideration challenges of climate change, ensure climate justice, and India’s commitments to increase its share of renewable sources of energy.
The proposal, if India agrees, says, “Phase One could include a reduction in the pipeline of coal-fired power plants currently under development … conversion of coal-fired power plants, and handling transition elements such as coal mine closures.”
The focus will also be on deploying renewable energy in power generation. This means specific investments on modernization of power grids, deploying energy storage besides introducing new green technology.
In Phase Two the G7 suggested that it would make additional efforts to “broaden support across a broad range of sectors, including industrial and transport decarbonization needs.”
Economic Times has reliably found that the larger objective is to gather the resources of interested G7 partners and multilateral development banks, and through the Elmau Political Declaration create an “investment and policy plan to identify key opportunities, projects, and activities.”
Last updated: December 26th, 2025
