India
In India, CPI focuses on developing innovative finance and policy solutions in support of the renewable energy and green growth plans of the Government of India. We work with a host of partners including the Ministry of New and Renewable Energy and Indian Renewable Energy Development Agency through the management of a USD 10 million engagement for decentralized solar, and more recently with Encourage Capital and KfW on the build-up of financial intermediaries.
The team expertise lies in renewable energy, electric mobility, forestry, fiscal instrument design, and the financial sector at large.
CPI’s India program is led by Dhruba Purkayastha.
Featured work
Publication
The Future of Distributed Renewable Energy in India
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.
Publication
Landscape of Green Finance in India
Climate Policy Initiative’s Landscape of Green Finance in India presents the most comprehensive information on green investment flows in the country in FY 2017-FY 2018.
Publication
An Assessment of India's Energy Choices
A four-report series that looks at the future of renewable energy in India along different economic dimensions, including the social costs, macroeconomic impacts, environmental impacts, financial risk, and flexibility considerations.
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Latest work
Blog
Podcast: Dhruba Purkayastha on the future of Distributed Renewable Energy in India
In this podcast, Dhruba Purkayastha, our India Director deliberates on the future of distributed renewable energy in India and its market potential.
Publication
Investing in nature to build back better
CPI contributed to a webinar series led by the United Nations Environment Program aimed at mobilizing investments in biodiversity as we build back economies in the aftermath of the pandemic.
Blog
Podcast: Dhruba Purkayastha on the Distributed Solar Sector in India
In this podcast, Dhruba Purkayastha, our India Director discusses the state of the distributed solar sector in India.
Blog
Going beyond the grid: The future of DRE in India
Distributed renewable energy has a major role in India’s clean energy access and sustainable development goals, but is yet to realize even a small fraction of its potential.
Blog
Is India's national budget green enough?
India’s budget for 2021-2022 lays a strong foundation for a sustainable recovery post-COVID-19, with a clear focus on infrastructure development and job creation. Despite the fiscal constraints due to the pandemic, the current budget does convey the government’s intent to fight climate change. However, the budgetary allocations may fall short given the sheer scale of estimated adverse economic impact due to the impending climate crisis.
Publication
Improving the impact of fiscal stimulus in Asia: An analysis of green recovery investments and opportunities
India, Indonesia, the Philippines, Singapore, and South Korea have together announced a total of USD 884 billion in COVID-19 recovery stimulus packages. This study maps the ‘greenness’ of these fiscal stimulus measures and their contribution towards country-level climate objectives.
