The Green Climate Fund (GCF) has approved $200 million for a new program led by the Asian Development Bank (ADB) to boost investments in India's high-impact clean energy sectors. This marks ADB's first partnership with GCF in India. The funding will support ADB's India Green Finance Facility, aiming to attract investments in emerging clean energy technologies from private sector development finance institutions. The facility will facilitate funding for technologies including green hydrogen, compressed biogas, and electric transport in rural areas. ADB's goal is to help decarbonize challenging sectors like industry, agriculture, and transportation in India. Part of the funding includes a $65 million risk-sharing facility to provide credit guarantees for compressed biogas projects, supporting smaller developers often overlooked by commercial lenders. Additionally, ADB has provided loans to enhance access to finance for electric and low-emission vehicles in India, part of a larger financing package involving other entities. Last year, ADB also announced an investment in a climate bond issue by Vivriti Capital to finance companies in sustainable sectors like electric vehicles and renewable energy.