The World Bank has approved $1.5 billion in loans to assist India in accelerating its low-carbon energy development. This funding aims to support the growth of a vibrant market for green hydrogen while also scaling up renewable energy and encouraging investments in low-carbon energy. The program will focus on implementing reforms to enhance the production of green hydrogen and electrolyzers, aiming to produce a minimum of 450,000 metric tonnes of green hydrogen and 1,500 MW of electrolyzers annually starting from the financial year 2025/26. Additionally, the initiative will aid in boosting renewable energy capacity and facilitating a reduction of 50 million tonnes of emissions per year. The approved financing includes a $1.46 billion loan from the International Bank for Reconstruction and Development (IBRD) and a $31.5 million credit from the International Development Association (IDA). This support is crucial for India's low-carbon development strategy and aligns with the country's goal of achieving net-zero emissions, all while creating employment opportunities in the clean energy sector. Auguste Tano Kouame, the World Bank Country Director for India, expressed satisfaction in continuing to assist India in its low-carbon development journey, emphasizing the importance of clean energy job creation and sustainable initiatives for a greener future.