The World Bank has approved USD 1.5 billion in financing to support India's development of low-carbon energy solutions, focusing on initiatives like green hydrogen and renewable energy projects. This funding aims to promote low-carbon energy by scaling up renewable energy projects, advancing green hydrogen technologies, and facilitating climate finance for investments in low-carbon energy. The approval is the second phase of financing after the initial USD 1.5 billion program, which supported waiving transmission charges for renewable energy and green hydrogen projects. The new phase will enhance market capabilities for green hydrogen, scale up renewable energy capacity, and stimulate investments in low-carbon energy sectors. The reforms are expected to help India produce 450,000 metric tons of green hydrogen and 1,500 MW of electrolyzer capacity annually from the financial year 2025-26. Additionally, India aims to increase renewable energy capacity, achieve emissions reductions, and develop a national carbon credit market. This support reflects the World Bank's commitment to assisting India in transitioning to a sustainable, low-carbon energy future, in line with global climate goals.