The World Bank has approved a $1.5-billion loan to help India accelerate its low-carbon energy development. This funding will be used to promote a market for green hydrogen, electrolysers, and increased renewable energy penetration. The aim is to boost the production of green hydrogen and electrolysers, critical technologies needed for green hydrogen production. The operation supports reforms to incentivize battery energy storage solutions, amend the Indian Electricity Grid Code for better renewable energy integration, and develop a national carbon credit market. The funding will also help in expanding green hydrogen production, supporting the development of climate finance, and mobilizing finance for low-carbon investments. The World Bank's support is in line with India's energy transition targets of achieving 500 GW of renewable energy capacity by 2030 and reaching net zero by 2070. The operation is expected to result in significant green hydrogen production and electrolysers annually, contributing to emissions reduction and boosting private investment in green hydrogen and renewable energy.