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 GoI, 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 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.
We manage the India window of the Global Innovation Lab for Climate Finance, an incubator for innovative climate finance instruments; the US-India Clean Energy Finance Initiative, ICEF 2.0, an initiative to mobilize debt financing for distributed solar energy; India Distributed Solar Finance’ an initiative to catalyze the ecosystem for rooftop solar adoption and the India Pure Finance Facility, an initiative for promoting productive applications of Renewable Energy.
Our expertise includes renewable energy, climate finance, electric mobility, decarbonization, and greening the financial sector. Dhruba Purkayastha leads the team.
Landscape of Green Finance in India 2022
An update to India’s first-ever effort to track green investment flows that measures both public and private sources of capital for FY 2019-20
The Future of Distributed Renewable Energy in India
India will require an annual DRE investment of USD 18 billion by 2024, a 10x increase from current levels to meet its sustainability targets. This CPI report outlines the benefits and market potential of India’s DRE sector, examines the current policy and institutional landscape, and provides tailored recommendations for the different stakeholders.
Report Summary: Costs and Impacts of Low-Carbon Technologies for Steel and Cement Sectors in India
This piece discusses key policy recommendations from the steel and cement sectors in India based on our analysis of low-carbon solutions (LCS), which are critical in policy-making and investment decisions.
Vulnerability of Indian States to Energy Transition
Academics, think-tanks and policy-makers to date have focused on devising policy interventions required for just transitions. CPI is focusing on developing ‘Finance’ as the transition assistance (TA) tool. This blog introduces “Vulnerability Assessment” as a stepping stone to identify regions/states which would require this assistance.
Climate Risks and Opportunities
More than 75% of Indian districts are hotspots for extreme climate events. The white paper discusses the current state in Indian Financial sector and emerging directions.
Blog: De-risking Climate Finance with Magic Wands
This blog highlights the use of guarantees and insurance as useful mechanisms to de-risk finance and demonstrates how similar approaches can be used to leverage public finance. It is a follow up of another blog -Ways to de-risk Climate Finance.
Financing Steel Decarbonization
The mechanism combines technical assistance, low-cost patient capital, and implementation stage support to prepare, invest in, and de-risk decarbonization technology projects for low-carbon steel production, while supporting the development of the wider industrial ecosystem.
Futureproofing India’s Public Sector Enterprises (Part 1)
Public sector enterprises not only play a vital role in the electricity sector, but also contribute significantly to India’s economy and the social fabric of the country by employing over 15 lakh individuals. Given their vast interests in the coal value chain, they would need to become key change-makers, to not just help achieve India’s decarbonization commitments but to also ensure a just transition for all stakeholders.
Blog: The Path to Decarbonizing India's Steel and Cement Industry
This blog highlights the urgent need for strong public policy and financial support in India to align two of the country’s largest CO2-emitting industrial sectors with long-term, low-carbon pathways.