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
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.
Blog
India needs a bailout - Can we make it green?
A long-term stimulus to tackle the crisis should have incentives for the kind of economy we want – green, clean, inclusive, and efficient.
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.
Connect
Partners
Latest work
Publication
Electricity market reform - Karnataka case study
Karnataka is well placed to meet its energy needs over the next decade thanks to the rapid deployment of renewables. But capacity additions of solar and wind are not enough on their own to help the state meet its targets.
Publication
Electricity market reform – Tamil Nadu case study
This case study addresses key elements of electricity market reforms and technology development that are central to the ability of Tamil Nadu, and India as a whole, to meet its decarbonisation goals.
Blog
Towards a greener tomorrow: India needs climate budget tagging
Climate budget tagging will help identify, classify, and weigh climate-relevant spending, thereby enabling the estimation, monitoring, and tracking of such expenditures
Publication
GROVE: Forestry Smart Ledger
GROVE: FSL crowdfunds capital for smallscale forestry projects, reduces monitoring costs through remote sensing and machine learning, and increases financial transparency and local community earnings through blockchain-backed smart contracts.
Blog
The road to sustained recovery in India starts with a definition of green finance
A roadmap for a comprehensive green finance strategy in India to help ensure a sustainable recovery.
Blog
Powering reforms: Transforming India’s power sector through GARUDA
Retiring old, inefficient coal-based power plants by bundling them with new, cheap renewable energy plants would bring multiple transformational benefits to the power sector, improve the PLF and efficiency of old thermal plants.
Publication
Accelerating Green Finance in India: Definitions and Beyond
There is a growing need to sensitize India’s financial sector about the importance and benefits of Green Finance, and ways to accelerate green capital flows in India.
