Dhruba Purkayastha is the India Director for Climate Policy Initiative, a global non-profit research and advisory institution, working on Green Finance, Climate Finance and Energy Transition. Climate Policy Initiative is engaged with several advisory, research and convening initiatives in energy transition, transition finance, and green finance in India. As part of the US-India Clean Energy Initiative between US and Indian governments in 2016, Dhruba set up and led the US-India Clean Energy Finance Facility (USICEF). Recently, he has also set up the Center for Sustainable Finance (CSF) in India to mainstream sustainability and sustainable finance in academic courses so that future generations are better equipped with underlying concepts of sustainability.
With over 30 years of experience in credit rating, management consulting, investment banking, engineering industries and international development financing. As an ex-World Bank Group staff and International Finance Corporation, Dhruba has worked in private and financial sector development, infrastructure and clean energy financing, public-private partnerships, banking & capital market reforms and technical assistance in improving the investment climate in India. Earlier Dhruba worked with Moody’s ICRA Limited, a credit rating agency for its Advisory and Consulting business in Public Policy with a focus on Infrastructure and Energy sectors. He has been a significant contributor to India’s Infrastructure Public Private Partnerships (PPP) initiatives working with the erstwhile Planning Commission, now known as Niti Aayog, Ministry of Finance, Government of India where he was responsible for setting up India Infrastructure Finance Corporation of India (IIFCL) in 2007. He subsequently engaged with IIFCL through World Bank lending to recreate Infrastructure Project Financing in India. Dhruba contributed to the development of several policy and regulatory initiatives for infrastructure project financing in India such as Infrastructure Finance NBFCs, Expected Loss based Credit Ratings for Infrastructure Projects and Investment Trusts (InVITs) in India.
Dhruba contributes regularly to climate financing discussions and platforms/convenings in India and globally. He is often quoted by domestic and international media and has several referred journal publications in his name which includes India’s Green Growth Imperative in The Project Syndicate and is a contributor to the Handbook of Green Finance, Jeff Sachs Springer.
His research areas and interests are in financing infrastructure and clean energy, corporate sustainability, and climate finance.
Dhruba is a member of the CII Net Zero Council for India. He has led the Regulatory Group for Sustainable Finance Task Force set up by the Ministry of Finance, Government of India and has actively contributed to the G20 Sustainable Finance Working Group agenda and forums.
Dhruba teaches Sustainability and Sustainable Finance at business schools in India and is visiting faculty at IIM Calcutta.
Dhruba is an Engineering graduate from Birla Institute of Technology (BIT), Ranchi, and a postgraduate in Management from the Indian Institute of Management (IIM), Calcutta and earned a PhD from the Indian Institute of Technology (IIT), Delhi in Financing Infrastructure and Clean Energy Investments through Bond markets in Developing countries.