India has ambitious renewable energy targets to meet growing energy demand. However, CPI analysis shows that the cost of debt in India increases the cost of renewable energy by as much as a third relative to the U.S. and Europe and is a significant challenge to these targets.


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Our Focus

Climate Policy Initiative (CPI) partners with the Indian School of Business (ISB), ICRIER, Shakti Sustainable Energy Foundation, and others to identify what works and what doesn’t in Indian climate policy. We work with the Ministry of Finance and other policymakers to help advance the country towards its clean development goals.

What's New In India


Reaching India’s Renewable Energy Targets: The Role of Institutional Investors

December 21, 2016

India has ambitious renewable energy targets of 175GW by 2022. In order to meet this target, the renewable energy sector in India will require $189 billion in additional investment, including $57 billion in equity, and $132 billion in debt. The potential amount of investment in the renewable energy sector in India is more than double the investment required. However, the amount of investment expected falls short of the investment required, by 29% for equity and 27% for debt. Institutional investors show significant potential to help fill this financing gap.

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OPIC, the Government of India and Leading Foundations Announce New U.S.-India Clean Energy Finance Initiative

December 16, 2016

Delhi, India, 16 December 2016—Today, during a signing ceremony at the Taj Mahal Hotel in Delhi, the U.S....

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A call for innovative green finance ideas to help India meet its climate goals

November 24, 2016

Last week, I was in Marrakesh speaking at this year’s UN climate change conference, COP22, where I witnessed an ...

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CPI at COP22

Morocco, November 5, 2016

Climate Policy Initiative experts hosted and presented at several events at COP22 that covered the global landscape of climate finance, ...

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Decarbonization of Indian Railways – Mission Electrification

New Delhi, India, November 3, 2016

Charith Konda represented CPI at the – Decarbonization of Indian Railways-Mission Electrification – conference held in New Delhi in November 2016. The ...

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