The World Bank has approved a $1.5 billion loan to India to boost the development of low-carbon energy, with a specific focus on promoting green hydrogen production and expanding renewable energy capacity. This financing aligns with India's ambitious climate goals outlined in its Nationally Determined Contributions (NDCs) under the Paris Agreement, aiming to increase non-fossil fuel power sources and reduce emissions intensity. The loan is expected to support India in achieving its targets, such as mobilizing $100 billion for green hydrogen production by 2030, corresponding to 5 million metric tonnes per year. Additionally, private sector interest in investing in green hydrogen has surged, with an estimated $70 billion already committed. The World Bank's loan is projected to stimulate 3 million metric tonnes of green hydrogen production by 2026, contributing to India's efforts to reduce carbon emissions and enhance energy sustainability. Furthermore, the World Bank emphasizes the importance of all financing being oriented towards climate action, advocating for green financing and supporting countries in their energy transition towards a more sustainable future.