The World Bank has approved $1.5 billion in financing to support India's low-carbon energy development through a 'Low-Carbon Energy Programmatic Development Policy Operation.' This operation will aid in accelerating the production of green hydrogen and electrolysers, essential for green hydrogen production. The initiative aligns with India's energy security goals and the World Bank's Hydrogen for Development (H4D) Partnership. Expected outcomes include an annual production of 450,000 metric tonnes of green hydrogen and 1,500 MW of electrolysers from the financial year 2025/26 onwards, contributing to a 50 million tonnes per year reduction in emissions. Additionally, the operation aims to boost renewable energy capacity, promote private investment in green hydrogen and renewable energy, and facilitate the establishment of a national carbon credit market. Auguste Tano Kouame, the World Bank Country Director for India, highlighted the importance of supporting India's low-carbon development strategy to achieve the country's net-zero target while creating clean energy jobs in the private sector. The initiative underscores the need to scale up renewable energy, particularly in challenging industrial sectors, to foster economic growth decoupled from emissions growth. The World Bank's continued financial backing demonstrates confidence in India's efforts to develop a domestic market for green hydrogen and expand renewable energy capacity, building a more sustainable and environmentally friendly energy landscape for the country.