In India, 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.
We manage the India Lab, an incubator for innovative climate finance instruments; the US-India Clean Energy Finance Initiative, an initiative to mobilize debt financing for distributed solar energy; and the US-India Catalytic Solar Finance Program.
CPI regularly provides analyses for the Ministry of New and Renewable Energy, the Ministry of Finance, other policymakers and regulators, and business partners.
Our team’s expertise includes renewable energy, tracking climate finance flows, electric mobility, industrial decarbonization, low carbon transition, forestry, fiscal instrument design, managing climate risks, and greening the financial sector at large. The team is led by Dhruba Purkayastha.
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.
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.
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.
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.
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.