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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

Publication

The Energy Transition Opportunity: Emerging Green Jobs in Jharkhand

Jharkhand’s energy transition offers a significant chance to reshape its employment landscape, potentially creating thousands of green jobs across clean power, mobility, and green molecules sectors. This Climate Policy Initiative (CPI) report outlines two scenarios—Ambitious Policy Scenario (APS) and Accelerated Green Transition Scenario (AGTS)—projecting green job creation by 2030. With robust policies and investment. The report emphasizes strategic investments in green industries, skills development, and fostering industry-academia partnerships.

Publication

CoolPact Capital India Fund

The Sustana Cooling India Fund will invest USD 100m in early-stage cooling solutions in India. The country’s first blended capital equity fund focused exclusively on cooling de-risks and scales innovative cooling technologies, addressing climate change and UN Sustainable Development Goals

Publication

A Roadmap for Green and Transition Finance in India

The green transition has become crucial for global economies, with governments, regulators, and the private sector implementing strategies to reduce emissions and foster green opportunities. However, the financing landscape is skewed toward mitigation sectors like renewable energy and transport, leaving hard-to-abate sectors underfunded despite their substantial carbon-removal potential.

Blog

Financing India's heat resilience

Blog

Climate-Related Financial Risk: How, When, and for Whom?

Blog

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.

More results +

Team

Anup Kumar Samal

Analyst

Arnab Sarkar

Analyst

Arun Kumar Jain

Associate Director

Debal Mitra

Senior Manager

Kalpesh Gada

Advisor

Kushagra Gautam

Manager

Md Tariq Habib

Manager

Neha Khanna

Senior Manager

Saarthak Khurana

Senior Manager

Saurabh Chandra Rai

Manager

Saumya Tiwari

Senior Communications Associate

Shabdita Bajpai

Senior Finance and Operations Associate

Vivek Sen

Director

Manish Kumar

Senior Analyst

Malini Chakravarty

Research Manager

Amandeep Singh

Senior Analyst

Jaspreet Kaur

Analyst

Vedant Dhasmana

Consultant

Manika Gupta

Fellow - Climate Finance

Prachi Jindal

Finance Officer

Parag Puri

Analyst

Uma Pal

Senior Analyst

Hamza Abdullah

Consultant

Krishna S. Kumar

Analyst

Gauri Tandon

Analyst

Anshika Singh

Analyst

Suryanshu Hooda

Analyst

Sudharshan Sundaravaradan

Consultant

Zeya Farhan

Junior Analyst
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