Current Affairs - International - Discussion

The World Bank's Board of Executive Directors approved $1.5 billion in financing on June 28 to help India accelerate the development of low-carbon energy. This funding aims to promote green hydrogen, scale up renewable energy, and stimulate finance for low-carbon investments. This operation is part of a series to support reforms and initiatives to reduce carbon emissions and boost renewable energy integration in India, including incentives for battery energy storage and amendments to the Indian Electricity Grid Code.