The World Bank has approved an additional $1.5 billion in funding to bolster India's green hydrogen and renewable energy sector. This funding is part of a series of initiatives aimed at supporting India's low-carbon energy goals and advancing its green hydrogen market. The focus is on increasing renewable energy capacity to mitigate carbon emissions, especially in challenging industrial sectors. The financing will support reforms to enhance green hydrogen production, encourage investment in low-carbon energy projects, and drive climate finance for sustainable development. This second phase of the Low-Carbon Energy Programmatic Development Policy Operation builds on the success of a previous $1.5 billion operation. It aims to generate at least 450,000 metric tons of green hydrogen and 1,500 MW of electrolyzers annually, significantly increasing renewable energy capacity and reducing emissions by 50 million tons each year. These efforts are crucial for achieving India's Nationally Determined Contributions targets and promoting private investment in green hydrogen and renewable energy infrastructure. The World Bank's investment is aligned with India's energy security objectives and contributes to the country's goal of achieving net-zero emissions while creating clean energy jobs. The financing package includes a $1.46 billion loan from the International Bank for Reconstruction and Development and a $31.5 million credit from the International Development Association. Overall, this funding signifies a significant step towards India's transition to a low-carbon economy and its commitment to sustainable development.