The World Bank has approved $1.5 billion in financing to support India's transition to low-carbon energy. This funding is part of the Low-Carbon Energy Programmatic Development Policy Operation aimed at scaling up renewable energy projects and developing green hydrogen capabilities. The focus includes incentivizing battery energy storage solutions and amending the Indian Electricity Grid Code to integrate renewable energy effectively. The goal is to produce 450,000 metric tons of green hydrogen annually and install 1,500 MW of electrolyzers each year from FY 2025-26. This investment supports India's low-carbon strategy and aims to reduce emissions by 50 million tons per year, along with developing a national carbon credit market. The World Bank's initiative highlights the importance of transitioning to sustainable energy sources to combat climate change and showcases India as a leader in low-carbon technologies. This substantial financing aligns with India's goals of reducing greenhouse gas emissions and promoting cleaner energy alternatives.