This grant will support Climate Policy Initiative’s Energy Finance Program in meeting its three goals: (a) the development and propagation of models, tools, and processes to identify and manage climate transition risk; (b) encouraging energy market reform around carbon-free resources; and (c), using finance as a catalyst to implement low-carbon solutions. The Initiative will build on earlier work, on both transition risk and market reform, to identify which types of investors would be encouraged to make carbon-reducing investments; and then research new financial instruments, portfolio designs, or hedging products that could help reduce the risk and lower the financing cost of low-carbon solutions.
About the Grantee
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Grants to this Grantee
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.
for general operating support
The Climate Policy Initiative is a think tank that addresses climate change through three program areas. First, research on how finance can be a catalyst for climate mitigation. Second, how the world can smoothly transition away from fossil fuels. Third, how to reform energy markets in a post carbon world and find new models for sustainable growth in emerging markets.
for the Climate Finance Program
This grant will support the overarching goal of CPI’s Climate Finance program (CPI-CF), to ensure that policy and investment decision makers have the knowledge and tools to spend resources wisely to address climate change, while achieving sustainable development goals. CPI-CF’s programmatic strategy is organized around three work streams: (a) to provide needed information on investment flows and investors, (b) apply in-depth analysis to guide decision makers on their efforts to accelerate the effective use of public and private resources, and (c) develop and scale transformative financial solutions to address investors’ needs and lower costs.