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


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.


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.

More results +


Aanandita Sikka


Anmol Kalra

Senior Analyst

Anup Kumar Samal


Arnab Sarkar


Arun Krishnan

Program Manager - India Lab

Arun Kumar Jain

Senior Finance Officer

Debal Mitra

Senior Manager

Dhruba Purkayastha

India Director & USICEF Director

Kalpesh Gada


Kavita Vij

Advisor - Program Development & Outreach

Kushagra Gautam


Md Tariq Habib

Senior Analyst

Neha Khanna


Saarthak Khurana


Saurabh Chandra Rai


Shabdita Bajpai

Finance Associate

Vivek Sen

Associate Director

Yash Kashyap


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