About CPI Energy Finance
Climate Policy Initiative Energy Finance is a multidisciplinary team of economists, analysts, and financial and energy industry professionals that develops innovative finance and market solutions to accelerate the energy transition. We work with policymakers, investors, and companies on three main areas that combine to reduce the barriers to the climate transition, reduce its cost and accelerate new investment.
Climate transition risk
Companies and countries that depend on carbon assets or exports may be at risk of financial loss because of climate policy or market dynamics. We assess the costs of the climate transition and develop tools to help industries and economies manage this risk.
Market design and reform
A transition to a low carbon electricity system requires new market models that can improve price signals, for example in investment in flexible resources that are essential in the integration of variable renewable generation.
Finance as a catalyst
Financial innovation can increase the financing options for low carbon technology, help smooth the transition away from fossil fuels, open up new markets for institutional investors and unlock pools of low cost capital.
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Blockchain — hero of the energy transition or climate policy enemy number one?
Virtual, decentralized platforms are either a disruptive technology that could potentially accelerate the clean energy transition or send…
Mar 08, 2018 / 7min read. Read More
Offtake risk — the pivotal energy finance barrier blocking Africa’s path to power
Sub-Saharan Africa’s electricity system is caught in a vicious cycle — the region urgently needs access to affordable electricity, but poor…
Feb 22, 2018 / 5min read. Read More
Renewable risk innovation helps investors see bright side of the asset price bubble
Investors ought to be concerned about the renewable asset price bubble in the same way bond investors are biting their nails about sky high…
Jan 18, 2018 / 4min read. Read More
Perry tries to pick winners, but consumers, climate and grid resiliency lose out
Hurricane season was still in full swing when the US Energy Secretary Rick Perry announced a proposal that could increase carbon emissions…
Nov 01, 2017 / 5min read. Read More
A breath of fresh air for utility investments in renewable energy
In energy markets, as in politics, recent years have shown that there are few certainties. Renewable energy technologies have bucked the…
Oct 05, 2017 / 4min read. Read More
Financing energy in developing countries without breaking the World Bank
Last month the World Bank and the International Monetary Fund had its spring meetings in Washington, where thousands of ministers…
May 09, 2017 / 5min read. Read More
Flexibility — the workhorse of the global energy transition
Electricity generation is at an inflection point; no longer can governments and policymakers appeal against harvesting energy from the wind…
Apr 27, 2017 / 7min read. Read More
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Energy Finance News
March 26, 2019
Climate Policy Initiative (CPI), with the support of Agence Française de Développement and the Advisory Finance Group of ...
Financing clean power: a risk-based approach to choosing ownership models and policy & finance instruments
September 4, 2017
This week we publish a working paper setting out a framework for: (i) determining how risks for power investments should ...
February 13, 2019
Climate Policy Initiative Energy Finance today launches its interim findings on increasing flexible capacity in India at the World Sustainable ...
October 5, 2017
Today we are publishing a working paper on the future design of the energy market as part of a program ...
April 25, 2017
Wind and solar have become established resources for low-carbon electricity around the world. Cost declines for those technologies now allow ...
August 8, 2017
Since the financial crisis in 2008, interest in matching the predictable long-term liabilities of institutional investors with the low-risk cashflows ...
August 8, 2017
This week we launch our design for an investment-grade financing vehicle targeted at institutional investors that reduces the cost of ...
June 27, 2016
US-based YieldCos, such as Terraform Power and NRG Yield, raised equity worth $23 billion dollars by mid-2015, only to see their share prices fall by as much as 60% just a few months later. The rise and fall of new investment ideas nearly always provides valuable lessons, and the US YieldCos are no exception.
October 8, 2014
With the right policies, the transition to a low-carbon energy system consistent with avoiding the most damaging effects of climate change could free up trillions of dollars over the next 20 years to invest in better economic growth.
June 19, 2014
Electricity systems across the U.S. and Europe face significant challenges in the transition to low-carbon energy. While the transition provides plenty of opportunities for investors, businesses, and consumers alike, the current business and regulatory models of investor owned utilities (IOUs) and independent power producers (IPPs), which have mainly developed around competitive markets for fossil fuel generation, are particularly ill-suited to take advantage of these new opportunities.
April 14, 2016
This report examines the availability of capital for renewable energy, the cost-effectiveness of different mixes of capital and investors used in meeting Germany’s medium and long-term deployment goals, and the potential impact of policies on this mix of investment.
December 6, 2016
Europe’s policy and finance environment has enabled some of the fastest deployments of renewable assets globally. In 2016, it ...