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Climate Policy Initiative

Driving a just clean energy transition

Climate Policy Initiative and REConnect Energy have developed an innovative mechanism called Garuda to retire old, inefficient thermal plants with equivalent renewable capacity. The scheme proposes a blended tariff that would include the normal tariff for the new renewable energy plant plus the cost of decommissioning the old fossil fuel plant, while making the provision for green bonds to finance RE. 

Green finance flows just one-tenth of the actual requirement

The tracked green finance for climate mitigation was an average Rs 124 thousand crore (US$19 billion) for FY 2017 and FY 2018, representing only about 10% of what the country required. 

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PTC Financial joins USICEF initiative to fund distributed solar projects

Infrastructure finance provider PTC India Financial Services (PFS) has partnered with U.S.-India Clean Energy Finance (USICEF) initiative to fund the most promising, investment-ready distributed solar projects in India.

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By 2030, solar tariffs in India could fall below Rs 2 per unit

The cost of wind would fall to Rs 2.3-2.6/kWh, while solar tariff would reduce to Rs 1.9-2.3/kWh. The cost of storage will fall by about 70%, according to a report.

Climate Policy Initiative presents financial solutions for rooftop solar in India

CPI has summarized the present rooftop sector of India, its economics, and the financial facilities to the industry from government and banks. The analyst and advisory firm has presented the solutions for the current financial obstacles to the growth of rooftop solar. The team has advised two Indo-U.S. collaborative initiatives, USICEF and USICFP, with which these solutions can be implemented.

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