New Delhi, June 29: The World Bank on Saturday approved $1.5 billion in financing for a second operation to help India 슬롯사이트� which is the fastest-growing large economy in the world 슬롯사이트� accelerate the development of low-carbon energy. The second 슬롯사이트˜Low-Carbon Energy Programmatic Development Policy Operation슬롯사이트� will support reforms to boost the production of green hydrogen and electrolysers, critical technology needed for green hydrogen production.

This operation is aligned with the government슬롯사이트™s energy security and with the World Bank슬롯사이트™s Hydrogen for Development (H4D) Partnership. According to the World Bank, the reforms are expected to result in the production of at least 450,000 metric tonnes of green hydrogen and 1,500 MW of electrolysers per year from FY25/26 onwards, said the World Bank.슬롯 머신 사이트 추천World Bank Says India To Remain Fastest-Growing Economy, To Log 6.7% GDP Growth in Next Three Years.

In addition, it will also significantly help to increase renewable energy capacity and support reductions in emissions by 50 million tonnes per year. The operation will also support steps to further develop a national carbon credit market. 슬롯사이트œThe World Bank is pleased to continue supporting India슬롯사이트™s low-carbon development strategy which will help achieve the country슬롯사이트™s net-zero target while creating clean energy jobs in the private sector,슬롯사이트� said Auguste Tano Kouame, World Bank Country Director for India.

슬롯사이트œBoth the first and second operations have a strong focus on boosting private investment in green hydrogen and renewable energy,슬롯사이트� Kouame added. The Indian economy is expected to continue to expand at a rapid pace. According to the World Bank, decoupling economic growth from emissions growth will require scaling up renewable energy, especially in hard-to-abate industrial sectors. 슬롯사이트œIndia has taken bold action to develop a domestic market for green hydrogen, underpinned by rapidly expanding renewable energy capacity,슬롯사이트� said Aurelien Kruse, Xiaodong Wang, and Surbhi Goyal, team leaders for the operation.슬롯 머신 사이트 추천ICICI Bank Becomes Sixth Indian Company To Surpass USD 100 Billion Market Cap, Stock Surges to All-Time High.

In June 2023, the World Bank approved the $1.5 billion first operation, which supported the waiver of transmission charges for renewable energy in green hydrogen projects, the issuance of a clear path to launch 50 GW of renewable energy tenders annually and creating a legal framework for a national carbon credit market.

(The above story first appeared on LatestLY on Jun 29, 2024 10:08 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).