Climate Policy Initiative
For India Electricity Market Reform
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Amount$250,000
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Program
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Date Awarded11/5/2018
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Term12 Months
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Type of SupportProject
Overview
Climate Policy Initiative is working to develop a roadmap to a flexible, low-carbon Indian electricity system. This grant will assess flexibility needs for the Indian electricity system under higher renewable energy penetrations over the next five to 25 years. The project will evaluate potential resources and policy and market solutions that will help India develop the electricity system flexibility needed to achieve and extend renewable energy goals. This work will complement the work of the India Energy Transitions Commission, but the main audience will be the Reserve Bank of India and key financial players who finance the Indian power grid.
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.
