In December 2015, world leaders reached a historic climate agreement at COP21 in Paris, sending a clear signal to governments and businesses to accelerate their efforts to decarbonize their economies, supply chains, and business models. However, investment in low-carbon, climate-resilient activities is far short of the need to meet internationally agreed goals. Climate Policy Initiative, through financial analysis and convening, helps ensure that policymakers and decision makers have the knowledge and tools to spend more money, more wisely, to address climate change while achieving sustainable development goals.
About the Grantee
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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.