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In India, Climate Policy Initiative (CPI) develops innovative finance and policy solutions that support credible, equitable green growth and transition plans. Our work helps ensure that the Government of India, Development Finance Institutions, the private sector, and the overall Indian economy reach ambitious net-zero and sustainability goals. This work includes green finance, sustainable finance, renewable energy, and just energy transition.

Our work focuses on three thematic areas: enabling capital through managing funds and creating blended finance and risk management frameworks; promoting green and sustainable finance initiatives through monitoring finance flows and evaluating environmental impacts; and enabling a just transition through transforming electricity systems, reducing emissions, and creating a fair framework.

Among other research, analysis, and financial innovation efforts, we manage: the India window of the Global Innovation Lab for Climate Finance, an incubator for innovative climate finance instruments; the India Clean Energy Finance initiative, a program to mobilize debt financing for distributed solar energy; the India Pure Finance Facility, an initiative for promoting productive applications of Renewable Energy; and the India Center for Sustainable Finance, a knowledge and networking hub designed to accelerate India’s financial sector towards a more sustainable future.

Our expertise includes renewable energy, climate finance, sustainable transportation, industrial decarbonization, just transition, and greening the financial sector. Vivek Sen leads the team.

Latest work

Publication

Policy Brief: Green Industrial Policy for India’s Iron and Steel Sector Transition

India’s iron and steel sector must expand to meet growing demand while reducing emissions in line with the country’s net-zero goal. This policy brief examines policy options to enable low-carbon steel production and their impacts on emissions, jobs, and project economics.

Publication

Just Transition Financing Framework

India’s clean energy transition brings opportunities but also risks for fossil fuel–dependent states. This brief presents a Just Transition Financing Framework, using Jharkhand as a case study, to support inclusive, state-led planning and targeted transition investments.

Publication

Roadmap for an Equitable Green Economic Diversification in Jharkhand

Jharkhand’s fossil fuel–dependent economy faces growing transition challenges as India moves toward net zero. This brief outlines a roadmap for green economic diversification across clean power, green molecules, sustainable mobility, and manufacturing to support jobs.

Publication

Financing Climate Action

Climate finance is essential to India’s shift to a low-carbon and climate-resilient economy. This volume examines India’s finance landscape, institutions, instruments, project solutions, and global lessons to support effective and equitable climate action.

Publication

Financing Transitional Activities in the Iron and Steel Sector

India’s iron and steel sector is key to growth but highly emission-intensive. This brief highlights the role of Transition Finance in enabling a phased shift toward lower-carbon production and proposes a financing approach to support sectoral decarbonization.

Publication

Role of Carbon Capture, Utilization, and Storage in Decarbonizing India’s Steel Sector

India’s steel sector is a key driver of economic growth and industrial development. With rising consumption and expanding capacity, the country is poised to meet increasing demand while advancing its competitiveness in global markets.
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Team

Arnab Sarkar

Senior Analyst

Arun Kumar Jain

Associate Director

Debal Mitra

Senior Manager

Kalpesh Gada

Advisor

Md Tariq Habib

Manager

Neha Khanna

Associate Director

Saarthak Khurana

Associate Director

Saurabh Chandra Rai

Manager

Saumya Tiwari

Communications Manager

Shabdita Bajpai

Senior Finance and Operations Associate

Vivek Sen

Director

Manish Kumar

Manager

Amandeep Singh

Manager

Jaspreet Kaur

Analyst

Vedant Dhasmana

Senior Associate, Communications

Manika Gupta

Fellow - Climate Finance

Prachi Jindal

Senior Finance Officer

Parag Puri

Analyst

Uma Pal

Manager

Hamza Abdullah

Analyst

Krishna S. Kumar

Analyst

Gauri Tandon

Analyst

Anshika Singh

Analyst

Suryanshu Hooda

Analyst

Sudharshan Sundaravaradan

Consultant

Zeya Farhan

Junior Analyst

Malavika Thampi

Junior Analyst

Meghaa Gangahar

Senior Analyst

Diana Mathai

Senior Analyst

Imma Catherine

HR Business Partner, Asia

Khaja Mohammad Haris

Junior Analyst

Priya

Senior Analyst

Anjan Ghosh

Advisor

Shubhashis Dey

Advisor

Sanjoy Banerjee

Advisor

Monika Chakraborty

Consultant
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