World Bank approves $1.5bn for India's low-carbon energy development, focusing on green hydrogen and renewables.
The World Bank has approved $1.5 billion in financing to support India's acceleration of low-carbon energy development. The funds will be used to promote a market for green hydrogen, electrolysers, and increased renewable energy penetration. This is the second round of funding from the World Bank towards India's green energy push, with the first operation approved in June 2023. The new funding will help India expand green hydrogen production and consumption and develop climate finance to boost the mobilization of finance for low-carbon investments.
June 28, 2024
14 Articles