Climate Policy Initiative
For Climate Finance And Energy Transition Programs
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Amount$1,000,000
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Program
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Date Awarded11/19/2016
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Term12 Months
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Type of SupportGeneral Support/Program
Overview
The Climate Policy Initiative engages in analysis and policy design to facilitate incremental improvement in energy finance policy, as well as a long-term vision and trajectory that could stimulate more systemic industry reform. Its four objectives are (a) to reform energy markets for the low-carbon future, (b) employ finance as catalyst, (c) smooth energy transitions by addressing issues around assets whose value will be "stranded" in a low-carbon world, and developing new models of growth for emerging markets. The Initiative relies on top-notch analysis to build a larger network of business and government finance officials that will ultimately help create a system of climate finance that will implement the Paris Agreement.
About the Grantee
Grantee Website
climatepolicyinitiative.org
Address
575 Market Streer, Suite 514, San Francisco, CA, 94105-2854, United States
Grants to this Grantee
for a comprehensive platform to track commitments and actions of global financial institutions
Climate Policy Initiative will expand the scope and reach of their existing data platform, which provides the most comprehensive assessment of global financial institutions’ progress toward net-zero. This will drive greater transparency and accountability to support the decarbonization of the financial sector. The data platform will capture the progress made at COP27 and help frame the discussion ahead of COP28. (Substrategy: Multilateral)
for the India Clean Energy Finance Initiative
This grant will support the Climate Policy Initiative’s India Clean Energy Fund. This fund will support grantees who seek funding from the U.S. government’s Overseas Private Investment Corporation to develop distributed and rooftop solar business models for the purpose of reducing air pollution from power plants and expanding electricity access to underserved and poverty-stricken areas of India. The grants provide resources to meet the business and environmental guidelines of the U.S. government, and leverage more than $400 million to expand rooftop and off-grid clean energy in India.
