India - First Low-Carbon Energy Programmatic Development Policy Operation - Chair Summary

Jul 19, 2026

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The Chair Summary records Executive Directors’ approval of a US$1.5 billion loan and credit for India under the First Low-Carbon Energy Programmatic Development Policy Operation, including acknowledgment of an objection noted in the minutes. Directors endorsed the operation’s innovative, integrated support for India’s energy transition and climate mitigation, emphasizing decoupling economic growth from emissions through accelerated low-carbon energy deployment. The discussion highlights green hydrogen market creation, scaled solar and wind support, strengthened environmental and social risk management, enhanced gender targeting for women’s participation, and ongoing collaboration with IFC and MIGA during implementation monitoring.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Executive Directors’ Approval

Climate and Energy Transition Rationale

Green Hydrogen, Risk Management, and Gender Focus

Collaboration, Implementation, and Monitoring

Public Disclosure Authorized Public Disclosure Authorized India First Low-Carbon Energy Programmatic Development Policy Operation Chair Summary* June 29, 2023 The Executive Directors approved a loan and a credit for India for the First Low-Carbon Energy Programmatic Development Policy Operation (DPO) in the total amount of US$1.5 billion on the terms and conditions set out in the President’s Memorandum. The minutes will reflect that Ms. Chang wished to be recorded as objecting. Directors supported the innovative operation, which directly supports India’s energy transition and efforts to mitigate climate change. They appreciated that the operation is part of the Bank’s comprehensive support to energy transition in India and how it contributes to decoupling India’s economic growth from emissions through an accelerated transition to low-carbon energy. They encouraged the Government of India and the WBG to continue this engagement, including through the upcoming Country Climate and Development Report. Directors welcomed the support provided to promoting green hydrogen, and the operation’s role in market creation to scale up renewable energy and enhance climate finance for low-carbon energy investments. They stressed the importance of the operation’s integrated approach to lowcarbon energy, which includes further support for solar and wind energy and the creation of a market for green hydrogen, while also promoting environmental and social risk management. They asked the Bank to strengthen the gender aspect of the operation, targeting the increased participation of women. Directors encouraged further close collaboration with IFC and MIGA to create an enabling environment for private sector development and private capital mobilization for innovative climate technology. They also welcomed and urged continued cooperation with all development partners. Directors noted the size and transformational nature of the operation and highlighted that the operation could inform similar investments in LICs and MICs. Finally, they stressed the importance of close monitoring and coordination during implementation. *This Summary is not an approved record.

FAQs

What decision did the Executive Directors make regarding India’s First Low-Carbon Energy Programmatic Development Policy Operation?

They approved a loan and a credit for India totaling US$1.5 billion on the terms in the President’s Memorandum.

How do Directors describe the operation’s role in India’s climate and energy transition?

They view it as supporting India’s energy transition and helping mitigate climate change by decoupling economic growth from emissions via accelerated low-carbon energy progress.

What additional priorities and coordination actions did Directors emphasize?

They stressed green hydrogen market creation, integrated support for solar and wind, environmental and social risk management, strengthening gender aspects to increase women’s participation, close collaboration with IFC and MIGA for private sector enabling conditions, and strong monitoring and coordination during implementation.

Jul 19, 2026

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