Climate Finance

CLIMATE FINANCE

Limiting global temperature rise to below 1.5°Celsius while achieving sustainable development will require trillions in new investments, and a deliberate shift toward low-carbon, climate-resilient economic models.

 

Our Focus

With international expertise in finance and policy, Climate Policy Initiative’s climate finance division helps governments, businesses, and financial institutions drive economic growth while addressing climate change. The program, which is led by Dr. Barbara Buchner, works to drive low carbon, resilient investment at scale.

Our program areas form a stepping stone approach to reaching this goal:

  1. The State of Climate Finance – CPI is the leading authority on tracking and analyzing climate finance flows. The Global Landscape of Climate Finance is the most comprehensive inventory of climate change investment available. It is a key tool for policy makers to assess the scale of finance, identify the main actors in the market, reveal investment gaps, and highlight opportunities to mobilize finance to fulfill investment potential. Our work influenced the Paris Agreement, and continues to be used by the UNFCCC. CPI’s robust methodology has also been applied at a national and sectoral level to support the governments of India, Indonesia, and Cote d’Ivoire, as well as by SEforAll to assess progress towards the UN Sustainable Development Goal to improve access to energy, and by IRENA to track renewable energy investment globally.
  2. Effective Finance – CPI advises governments and development finance institutions on the effectiveness of their portfolios, including the UK government’s Department for International Development, the Climate Investment Funds, and the Ministry of Finance in Indonesia. CPI also works to improve public finance interventions in key regions, such as India and Indonesia. For example, in India, we have worked with the Ministry of New and Renewable Energy and Ministry of Finance to illuminate issues around the cost of capital and revise low-cost debt policies.
  3. Transformative Finance – CPI supports the implementation of new and transformative finance solutions that mobilize sustainable investment at scale. CPI manages the Lab: a high-level group of public and private investors that identifies, develops, and supports pilots of transformative climate finance instruments. Since its start in 2014, the 26 investment vehicles incubated and launched by the Lab have collectively mobilized over $1 billion in finance for renewable energy, energy efficiency, sustainable agriculture, water, and climate resilience projects around the world. The Lab has been endorsed by the governments of India, Brazil, and the G7. CPI’s work managing the Lab was also selected in the top 11 “Best Bets” out of nearly 2000 applicants to the MacArthur 100&Change award. In addition to the Lab, CPI manages USICEF, India’s first project preparation facility for distributed renewable energy, and leads GNI+, a partnership between CPI, Baker McKenzie, and AECOM to provide governments with the best available policy, technical, financial, governance, and legal expertise to support their climate goals.

 

Climate Finance News

BLOG

Mapping climate finance to influence policy, plan investments, and measure progress

February 13, 2020

Adeline Dontenville is also an author of this blog post* 

As climate change impacts grow ever more apparent, it becomes ...

Read More

EVENT

WUF10: World Urban Forum 2020

Abu Dhabi, February 12, 2020

On February 12, Cities Climate Finance Leadership Alliance (Alliance) members will partake in a side event at WUF10 on the ...

Read More

EVENT

World Sustainable Development Summit, 2020

India Habitat Centre, New Delhi, January 29, 2020

Climate Policy Initiative's Dhruba Purkayastha, Director, US-India Clean Energy Finance and Vijay Nirmal Gavarraju, Project Manager,  US-India Clean Energy Finance ...

Read More

PRESS RELEASE

CPI appoints Dr. Barbara Buchner as Global Managing Director, Vikram Widge as Senior Advisor

January 27, 2020

January 27, 2019 - Today, Climate Policy Initiative (CPI) announces that Dr. Barbara Buchner will take on a new role ...

Read More

PUBLICATION

Tracking Adaptation Finance: Advancing Methods to Capture Finance Flows in the Landscape

December 20, 2019

In this brief, we set out potential methods to fill data gaps in adaptation tracking in the Landscape and propose methods to measure progress. The technical approaches we propose to identify flows in imperfect datasets are intended as a starting point for future iterations of adaptation finance tracking and can serve to identify information that should be tracked and reported by local governments and companies. Ideally, applying the proposed framework will improve our understanding of adaptation finance and feed into larger tracking efforts.

Read More