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


Just Energy Transition: Economic Implications for Jharkhand

As we transition from fossil fuels to cleaner energy, India faces economic challenges, particularly in mineral-rich states. Jharkhand, for instance, could lose billions annually, affecting state revenues, livelihoods, and communities.


Discussion Paper: Financing Industrial Decarbonization - Challenges and Solutions for India’s Iron and Steel Sector

This research underscores the need for increased global finance and proposes policy interventions to promote climate-aligned investment, particularly in high-emission sectors like iron and steel.


Transforming India's Climate Finance through Sector-Specific Financial Institutions

India’s pursuit of a sustainable, low-carbon future amidst rapid population growth and economic expansion requires significant climate finance. To achieve ambitious targets, including 50% renewable energy by 2030 and net zero emissions by 2070, innovative financial solutions are imperative.


Developing a Legal and Regulatory Framework for Low Carbon Transition of Indian economy on the path to Net Zero

While India has ambitious Nationally Determined Contributions (NDCs) and net-zero targets, it lacks a legal framework to achieve economy-wide net-zero targets. Despite policies like the National Action Plan for Climate Change, India lacks formal climate legislation. Recent sectoral laws promote renewable energy but lack a comprehensive focus on emission reduction. To address this, a net-zero bill has been introduced in the Indian parliament. A potential solution involves consolidating existing laws under a comprehensive Climate/Environment Act and redefining institutions to align with low-carbon objectives.


The Energy Transition Dialogues Communique

This communique serves to address the pressing challenges in accessing financing for clean energy and endeavors to pave the way for an enabling mechanism that will galvanize the flow of capital into the clean energy sector.


Just Energy Transition: Economic Implications for Jharkhand

As part of CPI’s Facilitating Finance for a Just Transition initiative, this report examines the annual financial implications of energy transition for stakeholders in the state of Jharkhand, India. The report builds on previous work findings that Jharkhand is among the mineral rich states likely to face the most adverse short-term impacts of an energy transition.

More results +


Aanandita Sikka


Anup Kumar Samal


Arnab Sarkar


Arun Krishnan

Program Manager - India Lab

Arun Kumar Jain

Associate Director

Debal Mitra

Senior Manager

Kalpesh Gada


Kavita Vij

Manager Grants & Partnerships

Kushagra Gautam


Md Tariq Habib

Senior Analyst

Neha Khanna

Senior Manager

Saarthak Khurana

Senior Manager

Saurabh Chandra Rai


Saumya Tiwari

Senior Communications Associate

Shabdita Bajpai

Senior Finance and Operations Associate

Vivek Sen

Acting Director

Yash Kashyap

Senior Analyst

Manish Kumar

Senior Analyst

Malini Chakravarty

Research Manager

Amandeep Singh

Senior Analyst

Jaspreet Kaur


Vedant Dhasmana


Manika Gupta

Fellow - Climate Finance

Swati Misra

Senior Analyst

Prachi Jindal

Finance Officer

Parag Puri


Uma Pal

Senior Analyst

Labanya Prakash Jena

Senior Manager

Hamza Abdullah


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