The World Bank has provided India with USD 1.5 billion in financing to accelerate the development of low-carbon energy infrastructure. This funding includes a $1.46 billion loan from the International Bank for Reconstruction and Development (IBRD) and a $31.5 million credit from the International Development Association (IDA). The main focus of this investment is to boost low-carbon energy in India by scaling up renewable energy and promoting the development of green hydrogen. With India being the fastest-growing large economy globally, the challenge lies in decoupling economic growth from emissions growth. The World Bank's support is strategically aimed at promoting green hydrogen, scaling up renewable energy in hard-to-abate industrial sectors, and stimulating climate finance for low-carbon energy investments. By fiscal year 2025/26, the reforms supported by this operation are expected to result in the production of 450,000 metric tons of green hydrogen and 1,500 MW of electrolyzers annually, significantly increasing renewable energy capacity and reducing emissions by 50 million tons per year. The investment will impact India's energy sector by accelerating its transition to a low-carbon economy, with key areas of impact including green hydrogen development, scaling up renewable energy capacity, creating clean energy jobs in the private sector, and reducing emissions in alignment with India's net-zero target.