In a landmark development, the World Bank's Board of Directors has approved $1.5 billion in financing to bolster India's clean energy transition. This funding will play a vital role in accelerating India's adoption of low-carbon energy sources, particularly focusing on advancing green hydrogen technologies. The programmatic operation aims to support India in scaling up its renewable energy capacity, developing green hydrogen technologies, and enabling climate finance for investments in low-carbon energy initiatives. The approved funding will aid in advancing green hydrogen technology, which is crucial for India's energy transition goals. By leveraging recent achievements to attract private investment and additional support, the program addresses funding viability gaps, mitigates risks for off-takers, enhances grid integration of renewable energy, and boosts demand for sustainable energy solutions. India's ambitious energy targets include auctioning 50 GW of renewable energy annually to prevent significant carbon emissions by 2026. The program also advocates for the establishment of a national carbon market to incentivize emissions reductions. Overall, the initiative aims to decouple emissions from economic growth, enhance energy efficiency, and transition to renewable sources to achieve net-zero emissions targets. Additionally, the program aligns with India's sovereign green bond issuance strategy and aims to foster policies facilitating the issuance of $6 billion in sovereign green bonds by 2026. This initiative is part of the World Bank's broader support for India's energy transition and commitment to advancing sustainable energy solutions globally, underscoring the importance of public-private partnerships and policy reforms for a sustainable future.