World Bank approves $1.5 bn loan to support India's green hydrogen push

Daily Current Affairs / World Bank approves $1.5 bn loan to support India's green hydrogen push

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Category : Business and economics Published on: July 02 2024

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The World Bank has approved a $1.5 billion loan to support India's low-carbon energy development, focusing on promoting green hydrogen and renewable energy initiatives. This funding is aimed at accelerating India's transition towards sustainable energy sources.
The loan aligns with India's ambitious targets, including achieving 500 GW of renewable energy capacity by 2030 and aiming for net-zero emissions by 2070. It underscores international support for India's efforts to mitigate climate change and enhance energy sustainability.

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World Bank approves $1.5 bn loan to support India's green hydrogen push