Bella Tonkonogy is a sustainable finance expert who leads CPI’s US-based team. Since joining CPI, she has played a leading role in the Global Innovation Lab for Climate Finance through serving on the core management and strategy team, supporting the development of innovative climate finance instruments in renewable energy, climate risk, and forestry, and understanding the Lab’s impact. She also develops and guides key CPI programs and initiatives such as the Cities Climate Finance Leadership Alliance, where she managed the Secretariat transition to CPI and oversees strategy development and implementation, and the Framework for Sustainable Finance Integrity, the first framework to benchmark minimum standards and best practices in sustainable finance across the major sectors of the global financial system. Bella also manages projects to improve the effectiveness of climate finance more broadly, such as a 2018 project for the Blended Finance Taskforce on how blended finance can be more effectively deployed for clean energy, and a 2019 report for the International Development Finance Club on Implementing Alignment with the Paris Agreement.

As an expert on sustainable finance, Bella regularly represents CPI at international fora and in media interviews. She is currently a member of the Glasgow Financial Alliance for Net Zero (GFANZ) Advisory Panel, the C40 Cities Finance Advisory Group, and the World Resources Institute’s Advisory Committee for the Solar Investment Action Agenda and Roadmap, in support of the International Solar Alliance.

Bella previously served as a Policy Advisor in the U.S. Treasury, overseeing the agency’s energy and environment investments in emerging markets, including as liaison to the Global Environment Facility and as advisor to U.S. negotiators on the Green Climate Fund, multilateral environmental agreements, and multilateral development bank energy policy. She has also served as a staff economist at the U.S. EPA, consultant to the OECD, UNDP, and clean technology companies, and as an early Braintrust member of the PRIME Coalition, a clean energy philanthropic initiative. Bella has an MBA from MIT Sloan School of Management, an MSc from Imperial College London, and a B.A. from the University of California-Berkeley.


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