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Bella Tonkonogy

San Francisco

Regional Expertise
Subject Expertise
  • climate finance
  • public finance
  • public policy
  • private climate finance
  • innovation
  • results and impact

Bella Tonkonogy

Associate Director

Bella Tonkonogy is Associate Director based in San Francisco. Her primary role on the team is in leading the analysis and development of innovative climate finance instruments for the Global Innovation Lab for Climate Finance, for which CPI serves as Secretariat. She was lead analyst for CRAFT, the first ever adaptation and resilience private equity fund, and the Renewable Energy Scale-Up Facility, an innovative mechanism to drive institutional investment into earlier stages of project development, and supported the analysis of the Oasis Platform on climate risk assessment. As a member of the Lab’s core management team, she leads the work to quantify the Lab’s impact and assess and internalize lessons learned. She also manages projects focused on understanding the effectiveness of innovative finance more broadly, such as a recent project for the Business & Sustainable Development Commission’s Blended Finance Taskforce on how blended finance can be more effectively deployed for clean energy.

Bella previously served as a Policy Advisor in the U.S. Treasury, overseeing the agency’s energy and environment investments in emerging markets, including as liaison to the Global Environment Facility and as advisor to U.S. negotiators on the Green Climate Fund, multilateral environmental agreements, and multilateral development bank energy policy. She has also served as a staff economist at the U.S. EPA, consultant to the OECD, UNDP, and clean technology companies, and as an early Braintrust member of the PRIME Coalition, a clean energy philanthropic initiative. Bella has an MBA from MIT Sloan School of Management, an MSc from Imperial College London, and a B.A. from the University of California-Berkeley.