The World Bank has approved USD 1.5 billion in financing to accelerate India's development of low-carbon energy, with a major focus on promoting green hydrogen. This financing aims to enhance the market capability for green hydrogen and boost the production of electrolyzers, which are critical for green hydrogen production. The reforms supported by the financing include measures to increase renewable energy penetration by incentivizing battery energy storage solutions and improving renewable energy integration into the grid. The operation supported by the financing will boost the production of green hydrogen and electrolyzers, with expected outcomes including the production of 450,000 metric tons of green hydrogen and 1,500 MW of electrolyzers annually from the financial year 2025-26 onwards. Additionally, the financing will help increase renewable energy capacity and support reductions in emissions by 50 million tons per year. It will also facilitate steps towards developing a national carbon credit market. The World Bank emphasized the need to separate India's economic growth from emissions growth, stating that this separation will necessitate scaling up renewable energy, particularly in challenging industrial sectors. The financing will support India in expanding green hydrogen production and consumption, as well as in mobilizing climate finance for low-carbon investments. Overall, the sentiment of the article towards the development of green hydrogen in India is positive, as the financing is expected to contribute significantly to achieving the country's low-carbon energy and climate goals.