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.

Latest work


Technical Brief: Vulnerability Assessment of Mineral-Rich States to Energy Transition


Policy Brief: Policies and Enabling Environment to Drive Private Investments for Industrial Decarbonization in India


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.

More results +


Aanandita Sikka


Anmol Kalra

Senior Analyst

Anup Kumar Samal


Arnab Sarkar


Arun Krishnan

Program Manager - India Lab

Arun Kumar Jain

Associate Director

Debal Mitra

Senior Manager

Dhruba Purkayastha

India Director & USICEF Director

Kalpesh Gada


Kavita Vij

Manager Grants & Operations

Kushagra Gautam


Md Tariq Habib

Senior Analyst

Neha Khanna


Saarthak Khurana


Saurabh Chandra Rai


Saumya Tiwari

Senior Communications Associate

Shabdita Bajpai

Finance Associate

Vivek Sen

Associate Director

Yash Kashyap

Senior Analyst

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