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India

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

Latest work

Blog

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.

Publication

USICEF Impacts and Lessons learned, 2017-2021

Since launching in 2016, USICEF supported 47 solar power projects, which went on to mobilize 30x in commercial debt over the initial grants provided.

Blog

Blog: Ways to de-risk Climate Finance

This blog highlights the need to lay out a comprehensive plan for de-risking climate finance with a domain-centric approach to ensure that finance flows towards solving the global climate problem.

Publication

Mobilizing Green Finance while Managing Climate Finance Risk in India

Climate change has far-reaching impacts that are not limited to a particular sector or geography; it impacts the entire financial system. If left unchecked, this impact will be severe. This brief identifies key areas of intervention that would achieve the twin objectives of increasing finance for green activities and managing climate-related financial risk.

Publication

Paris Alignment of Power Sector Finance Flows in India: Challenges, Opportunities, and Innovative Solutions

This brief identifies the challenges and opportunities in financing India’s ambitious renewable energy targets.

Publication

Cooling as a Service (CAAS) with Virtual Cold Chain Assistant (VCCA)

To better address food waste at the farm level, farmers—especially smallholder farmers—need access to efficient and clean cold storage solutions at affordable pricing. CaaS with VCCA helps smallholder farmers make decisions on lifecycle benefits, rather than upfront costs.

More results +

Team

Dhruba Purkayastha

India Director & USICEF Director

Aishwarya Chauhan

Digital Communications Assistant

Angel Jacob

Consultant

Arun Kumar Jain

Senior Finance Officer

Kushagra Gautam

Manager

Sagar Srijan Joshi

Senior Analyst

Shabdita Bajpai

Finance Associate
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