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The Lab selects 9 new solutions to drive sustainable investments in emerging markets 

The initiatives will undergo seven months of stress testing, receiving technical support and guidance from experts within the Lab’s extensive network of public and private investors. After that, they are eligible for grant funding of up to USD 250,000 to move from design to implementation.  

CPI is an analysis and advisory organization with deep expertise in finance and policy. Our mission is to support governments, businesses, and financial institutions in driving economic growth while addressing climate change.

Latest work

Publication

The Landscape of Project Preparation 2024

This analysis maps and identifies the key characteristics of the PPF support offered to cities to prepare sustainable and climate-resilient infrastructure projects.

Blog

Transforming India's Climate Finance through Sector-Specific Financial Institutions

India’s transition to a sustainable energy future relies on institutions like Power Finance Corporation (PFC) and REC Limited. As per CPI’s Landscape of Green Finance in India, the country needs INR 162.5 trillion ($2.5 trillion) by 2030 for its climate goals, yet current finance flows cover only a third of this. PFC and REC can bridge this gap by financing green technologies, infrastructure, and transition projects in hard-to-abate sectors. By diversifying portfolios, leveraging green bonds, and aligning with global climate funds, these institutions can drive India’s low-carbon transition while mitigating risks like stranded assets and evolving energy demands.

Publication

Climate-resilient debt clauses: a primer for FiCS members

Climate-related disasters threaten fiscal stability and development progress, particularly in vulnerable economies. Climate-resilient debt clauses (CRDCs) offer a proactive solution by allowing countries to defer debt repayments in the wake of disasters, enabling a more effective emergency response and recovery. This report, developed to support discussions within the FiCS Lab Working Group on CRDCs, explores key considerations and best practices for implementing CRDCs. It provides insights from expert discussions throughout 2024, offering guidance on how these mechanisms can enhance financial resilience in climate-affected regions.

Publication

Debt for climate swaps: a primer for FiCS members

Debt-for-climate (DFC) swaps are an effective method to exchange a portion of a country’s external debt payments for investments in domestic climate, biodiversity, or conservation initiatives. This primer, developed by the FiCs Innovation Lab Working Group, provides insights, examples, and considerations for implementing DFN or DFC swaps.

Publication

Scaling transition finance for green industrial transition of the Indian iron & steel sector

This discussion paper provides a comprehensive framework and actionable recommendations for scaling transition finance to support the green industrial transition of India’s iron and steel sector, addressing both the needs of primary and secondary steel producers.

Publication

Unlocking transition finance for achieving net-zero emissions in Indonesia

This deep dive into Indonesia’s climate-aligned finance policy nexus explores investment gaps, barriers to sustainable finance, and policy recommendations to streamline financial sector policies to scale up climate-aligned investment and enable alternative financing instruments to support Indonesia’s decarbonization.

Blog

Decarbonizing India's Steel Industry: How Transition Finance Can Help

India’s steel sector is the largest industrial emitter, contributing 10-12% of the country’s total carbon emissions. Learn how transition finance can enable a gradual shift toward low-carbon steel production, bridging the gap until commercially viable green technologies emerge.

Publication

2025 Policy Bulletin: Climate Finance for Development

This policy bulletin summarizes key findings on how PDBs’ contribution to low-emissions and climate-resilient development can be accelerated and scaled to make progress toward the global agenda for sustainable development.

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