The World Bank has approved a $1.5 billion loan to support India's transition to low-emission technology and promote the development of green hydrogen and renewable energy sources. This initiative is part of the World Bank's Energy Policy, which aims to diversify and clean up energy supplies to support economic growth and job creation. The project in India is expected to help reduce carbon emissions by 50 million metric tons annually and increase renewable power capacity, facilitating the growth of a green hydrogen market and expansion of renewable energy sources. The operation also supports reforms to enhance the production of green hydrogen and electrolyzers, essential for green hydrogen creation. By boosting private capital investment in renewable energy and green hydrogen, the World Bank loan is crucial for financing wind and solar power projects, reducing reliance on conventional energy resources, and managing greenhouse gas emissions. This support aligns with India's efforts to decouple economic growth from emissions escalation, achieve its net-zero goal, and create green private sector jobs. Ultimately, the project contributes to enhancing energy security, reliability, and sustainability in India.