Climate Policy Initiative Energy Finance is a multidisciplinary team of economists, analysts, and financial and energy industry professionals that develops innovative finance and market solutions to accelerate the energy transition.
We work with policymakers, investors, and companies on three main areas that combine to reduce the barriers to the climate transition, reduce its cost and accelerate new investment: climate transition risk; market reform; finance as a catalyst.
In South Africa, Climate Policy Initiative Energy Finance examined the risks to the central government, municipalities, companies and financial institutions and found that the transition to a low carbon economy would cost its economy $124bn. In this report, we not only diagnose the challenges for an economy and society that relies on coal exports, we also make a series of recommendations on the policy steps South Africa can take to mitigate climate risks and maximise the potential upside of the transition. This report is the first to be published from CPI EF’s sovereign risk programme.
Without policy intervention and new market design, India’s clean electricity future may struggle to achieve its potential.