The World Bank has approved a $1.5 billion loan to assist India in accelerating its low-carbon energy development. The focus of this funding is to promote a market for green hydrogen, electrolysers, and increase renewable energy penetration in the country. This initiative is part of the bank's support for India's transition towards a low-carbon economy. The financing aims to facilitate the scaling up of renewable energy infrastructure while encouraging investments in low-carbon energy projects. The program also seeks to support the Indian government's policies and regulations that promote investments in energy transition, particularly in the areas of green hydrogen and renewable energy. The World Bank's approach involves providing technical assistance and backing policy interventions rather than direct project financing. Going forward, the focus will be on mobilizing additional financing, especially from the private sector, to boost energy transition efforts. The bank's energy programs also include initiatives to enhance energy efficiency, explore renewable energy sources like offshore wind and floating solar, and facilitate the integration of renewables into the grid. Furthermore, the program will incentivize the adoption of battery energy storage solutions to ensure continuous clean power availability. By emphasizing green financing and supporting green energy penetration, the World Bank aims to contribute to India's sustainable energy future.