India PURE Finance Facility (IPFF)
The India PURE Finance Facility (IPFF) is an innovative approach to expand the productive use of renewable energy (PURE) in rural and semi-urban areas. Its focus goes beyond the transition from fossil fuels, emphasizing projects that bring additional benefits such as creating livelihood opportunities, promoting gender equity, and fostering social and economic growth.
IPFF’s primary goal is to accelerate PURE adoption in low-income communities and rural areas. It achieves this by establishing and funding a robust network of technical advisory services. This network helps existing and emerging PURE enterprises secure long-term financing from domestic and international financial institutions. Committed funds from the IKEA Foundation support project preparation for selected PURE initiatives.
IPFF Key Objectives:
- Expand the number of PURE businesses. Leverage committed funds to accelerate PURE business and project development, benefiting disadvantaged communities in India and contributing to the country’s renewable energy and energy access goals.
- Maximize their investment potential. Significantly increase the number of projects and enterprises that are investment-ready for financing from both domestic and international sources.
Publicações recentes
Publicação
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.
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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.
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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.
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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.
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Assessing international interoperability and usability of the South African Green Finance Taxonomy
This technical report, prepared for the South African National Treasury, evaluates the South African Green Finance Taxonomy’s international alignment and interoperability with other green and sustainable finance taxonomies through a comparative analysis of three key principles that define the eligibility criteria for economic activities, sectors, and projects to qualify as green.
