Climate Action in India needs a more effective financing ecosystem

The Climate Finance Initiative aims to make that happen

India needs at least $100 billion a year for the next 10 years for climate action

India needs investments to add more renewable energy capacity, build sustainable agricultural value chains to ensure food security, and create climate-resilient cities to act on climate change.


Existing financing and innovation structures for climate action enterprises are insufficient.

We need an enabling environment that grows climate innovation and private finance together.

The Climate Finance Initiative looks to collaboratively build this ecosystem.



Building the Climate Financing Ecosystem

Knowledge

We aim to identify and design the financing solution blueprints we need for the fastest path to scale climate action through reports, articles, and other media. Adopting 2020’s trend of newsletters, CFI will track and share developments on climate finance from across the world.

Action

For each innovative financing solution we identify and advocate, CFI aims to support the pilot facilities to demonstrate how it works. We believe that such proofs of concept will enable others to adopt and build on similar successful financing models and scale them.

Collaboration

Creating market transformation needs an army of innovators and CFI aims to build a network of like-minded people from funders, finance professionals, influencing entities, and entrepreneurs who want to finance a sustainable world.

The Report on The State of Climate Finance in India

The State of Climate Finance in India: A Roadmap to 2030 for Action is a long title but it does capture what we want to convey.

The report is a position paper that is a starting point for the Climate Finance Initiative. We use it as an invitation for you to engage with us, expand on it, and build on further.

Interested to know more? Click the link to read the paper at your leisure and reach out to us with thoughts, queries, or ideas you may have.

Join the Climate Finance Initiative

Building an enabling environment only works through collaboration and partnership of the many stakeholders and people that go to making the change we need.

We invite backers, funds, finance professionals, and climate entrepreneurs, and the wider ecosystem to work together to identify, support and grow the financing structures for effective results across all our climate action priorities.


If you are a funder or backer


Our near-term funding focus is aimed at two areas, which we invite you to support.

We want to expand and grow our research team to bridge the information gap in climate finance, and seed pilots of the financing structures we look to design and propose from CFI


If you are a finance professional


CFI is putting together a team to spearhead activities to support pilots of the financing structures we look to propagate and are looking for finance professionals to join us.

If you have other innovative financing ideas , let’s talk about those too!


If you are a climate professional


You are who we want to support. Talk to us about your financing needs.

You may be a good fit for the funds CFI is suporting and setting up. Or you will prompt us to think about new structures that can help scale your venture.

Climate Finance has a newsletter

We expect to publish reports and paper at a cadence of about 1 every 2 months, but for closer engagement with you on climate finance, we have got a newsletter.

Sign up for a bi-weekly (once in 2 weeks not the other bi-weekly) mail to your inbox for updates, insight, and commentary on developments around climate finance from across the world.

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Connect with the Climate Finance Initiative

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Why We Need the Climate Finance Initiative

TL;DR

  1. India needs USD 100 billion in additional climate finance every year for the next ten years to create positive impact and combat climate change by 2030.

  2. This investment should be focused towards building additional renewable energy capacity, mitigating agricultural emissions while creating sustainable food supply, and building climate resilience in our cities.

  3. Our existing structures for climate finance are ineffective to support innovation and growth in these emerging areas of climate action

  4. We need an innovation demonstration facility combined with a fund run by business experts to convert each innovation into a successful startup hastening the pace of adoption for the first USD 10-100 million in revenue and asset deployment for emerging areas of climate-positive action.

  5. We need an asset financing ecosystem to build traction and market adoption for technologies until they grow large enough to tap into international capital markets or raise traditional finance meant for mature products.

  6. Liquid capital markets will be essential to achieve the massive scale all of these interventions will need in the next ten years.

Labs, accelerators, and policy papers are not solving the climate finance issue

Climate change is impacting lives and livelihoods in unprecedented ways. India, like many other countries around the world, has responded with positive action by governments, businesses and entrepreneurs. Given the number of labs, accelerators and policy papers you see on the topic nowadays, you can easily believe that we have solved climate change.

But we, as entrepreneurs and practitioners of climate finance, know that many challenges remain. A lot of good ideas started well but very few have scaled. In addition to all the usual suspects – market forces, challenges from incumbent technologies, policy – India has the additional challenge of getting climate positive action funded.

In our estimate, beating climate change will need an additional $100 billion in investment every year for the next ten years, across diverse areas from adding more renewable energy capacity, to building sustainable agricultural value chains to ensure food security, and to creating climate-resilient cities

What Climate Finance needs today

This is where we see different key climate action sectors are today in India against their current financing needs, determined by the maturity and stage of the market of each sector.

The financing interventions for climate action we currently have (grey boxes) are not sufficient or are ineffective to the needs of building and scaling new sectors.

Climate positive action will come from a combination of replicating known solutions through rapid adoption and scaling up and through discovering and innovating around solutions that are currently unknown. Both need to expand at an unprecedented pace - at least an additional $100 billion we need every year for climate

These are investments that cannot be made without building an enabling ecosystem and creating innovative financing structures.

We see a need in the early 2020s (see orange boxes), for two ecosystem intervention areas that will enable climate finance to support innovation and move this innovation to the scale it needs to - the Innovation Support Ecosystem and Asset FInancing- - and a third one that will drive to market-stable segmentsto like solar and wind energy to massive scale - Green bonds and other Liquid Capital Market structures.

Today, we have identified 3 structures for scaling climate action. Together with you, we want to identify, pilot, support, and scale to a level that makes climate action solutions mainstream, and invite you to join the Climate Finance Initiative

The State of Climate Finance in India: A Roadmap to 2030

The State of Climate Finance in India: A Roadmap to 2030 for Action is a long title but it does capture what we want to cover. The position paper, a starting point for the Climate Finance Institute, allows us to take stock of where we are right now in our work on climate action, the gaps we need to address, and the solutions and approaches for us to get there.

Roadmaps are plenty, but we think you will find this a bit different in laying out what is needed and how we need to get there.

Here's what the report covers.

  • Why India’s current Climate Action goals are not sufficient

  • What India’s Climate Investment Goals India should look like

  • Why we need to invest $100 billion a year, every year for the next 10 years

  • The gaps with Climate Finance today

  • How we need to drive Private Finance towards Climate Action

  • The most scalable financing structures we need to make ideas into $1 billion ventures

  • The stages and current needs we see different climate action sectors are in

  • The needed systemic disruption we expect these to create towards mainstreaming climate action

  • A Call to Action for you to join us with a reference to a timeless children’s classic

Share your details below and you will receive your copy of the report in your email inbox.

We will not share or use the information you have shared in an improper manner. Please refer to our Privacy Policy for more details on our Privacy approach.

The State of Climate Finance in India is a starting point for the CFI to do more.

We use it as an invitation for you to engage with us, expand on it, and build on further.

We plan to develop more reports. Our next series of reports will focus on detailing out the 3 most scalable financing structures we need to develop for climate action. We aim to collaborate and produce more such reports and papers progressively, so if you have thoughts and ideas on a particular topic or area that can push the climate finance agenda effectively, let us know!

The State of Climate Finance in India: A Roadmap to 2030 for Private Action

The State of Climate Finance in India: A Roadmap to 2030 for Action is a long title but it does capture what we want to cover. The position paper, a starting point for the Climate Finance Institute, allows us to take stock of where we are right now in our work on climate action, the gaps we need to address, and the solutions and approaches for us to get there.

Share your details below and you will receive your copy of the report in your email inbox.

We will not share or use the information you have shared in an improper manner. Please refer to our Privacy Policy for more details on our Privacy approach.

The position paper, a starting point for the Climate Finance Institute, allows us to take stock of where we are right now in our work on climate action, the gaps we need to address, and the solutions and approaches for us to get there.

Roadmaps are plenty, but we think you will find this a bit different in laying out what is needed and how we need to get there.

Here's what the report covers.

  • Why India’s current Climate Action goals are not sufficient

  • What India’s Climate Investment Goals India should look like

  • Why we need to invest $100 billion a year, every year for the next 10 years

  • The gaps with Climate Finance today

  • How we need to drive Private Finance towards Climate Action

  • The most scalable financing structures we need to make ideas into $1 billion ventures

  • The stages and current needs we see different climate action sectors are in

  • The needed systemic disruption we expect these to create towards mainstreaming climate action

  • A Call to Action for you to join us with a reference to a timeless children’s classic

Privacy Policy

Thank you for choosing to be part of our community at the Climate Finance Initiative ("Company", "we", "us", "our"). We are committed to protecting your personal information and your right to privacy. If you have any questions or concerns about this privacy notice, or our practices with regards to your personal information, please contact us at shravan@thebw.in.

When you visit our website climatefinance.in (the "Website"), and more generally, use any of our services (the "Services", which include the Website), we appreciate that you are trusting us with your personal information. We take your privacy very seriously. In this privacy notice, we seek to explain to you in the clearest way possible what information we collect, how we use it and what rights you have in relation to it. We hope you take some time to read through it carefully, as it is important. If there are any terms in this privacy notice that you do not agree with, please discontinue use of our Services immediately.

This privacy notice applies to all information collected through our Services (which, as described above, includes our Website), as well as, any related services, sales, marketing or events.

Please read this privacy notice carefully as it will help you understand what we do with the information that we collect.

1. WHAT INFORMATION DO WE COLLECT?

Personal information you disclose to us

In Short: We collect personal information that you provide to us.

We collect personal information that you voluntarily provide to us when you express an interest in obtaining information about us or our products and Services, when you participate in activities on the Website or otherwise when you contact us.

The personal information that we collect depends on the context of your interactions with us and the Website, the choices you make and the products and features you use. The personal information we collect may include the following:

  • Personal Information Provided by You. We collect names; email addresses; organization name; and other similar information.

All personal information that you provide to us must be true, complete and accurate, and you must notify us of any changes to such personal information.

2. HOW DO WE USE YOUR INFORMATION?

In Short: We process your information for purposes based on legitimate business interests, the fulfillment of our contract with you, compliance with our legal obligations, and/or your consent.

We use personal information collected via our Website for a variety of business purposes described below. We process your personal information for these purposes in reliance on our legitimate business interests, in order to enter into or perform a contract with you, with your consent, and/or for compliance with our legal obligations. We indicate the specific processing grounds we rely on next to each purpose listed below.

We use the information we collect or receive:

  • To deliver and facilitate delivery of services to the user. We may use your information to provide you with the requested service.

  • To respond to user inquiries/offer support to users. We may use your information to respond to your inquiries and solve any potential issues you might have with the use of our Services.\

  • To send you marketing and promotional communications, e.g. newsletters, only directly from the Climate Finance Initiative and its partners. We will not share or engage your information with any third-party marketing platforms. For example, when expressing an interest in obtaining information about us or our Website, subscribing to marketing or otherwise contacting us, we will collect personal information from you. You can opt-out of our marketing emails at any time (see the "WHAT ARE YOUR PRIVACY RIGHTS" below).

  • For other business purposes. We may use your information for other business purposes, such as data analysis, identifying usage trends, determining the effectiveness of our promotional campaigns and to evaluate and improve our Website, products, marketing and your experience. We may use and store this information in aggregated and anonymized form so that it is not associated with individual end users and does not include personal information. We will not use identifiable personal information without your consent.

3. WILL YOUR INFORMATION BE SHARED WITH ANYONE?

In Short: We only share information with your consent, to comply with laws, to provide you with services, to protect your rights, or to fulfill business obligations.

We may process or share your data that we hold based on the following legal basis:

  • Consent: We may process your data if you have given us specific consent to use your personal information for a specific purpose.

  • Legitimate Interests: We may process your data when it is reasonably necessary to achieve our legitimate business interests.

  • Performance of a Contract: Where we have entered into a contract with you, we may process your personal information to fulfill the terms of our contract.

  • Legal Obligations: We may disclose your information where we are legally required to do so in order to comply with applicable law, governmental requests, a judicial proceeding, court order, or legal process, such as in response to a court order or a subpoena (including in response to public authorities to meet national security or law enforcement requirements).

  • Vital Interests: We may disclose your information where we believe it is necessary to investigate, prevent, or take action regarding potential violations of our policies, suspected fraud, situations involving potential threats to the safety of any person and illegal activities, or as evidence in litigation in which we are involved.

More specifically, we may need to process your data or share your personal information in the following situations:

  • Affiliates. We may share your information with our affiliates, in which case we will require those affiliates to honor this privacy notice. Affiliates include our parent company and any subsidiaries, joint venture partners or other companies that we control or that are under common control with us.

  • Business Partners. We may share your information with our business partners to offer you certain products, services or promotions.

4. HOW LONG DO WE KEEP YOUR INFORMATION?

In Short: We keep your information for as long as necessary to fulfill the purposes outlined in this privacy notice unless otherwise required by law.

We will only keep your personal information for as long as it is necessary for the purposes set out in this privacy notice, unless a longer retention period is required or permitted by law (such as tax, accounting or other legal requirements).

When we have no ongoing legitimate business need to process your personal information, we will either delete or anonymize such information, or, if this is not possible (for example, because your personal information has been stored in backup archives), then we will securely store your personal information and isolate it from any further processing until deletion is possible.

5. HOW DO WE KEEP YOUR INFORMATION SAFE?

In Short: We aim to protect your personal information through a system of organizational and technical security measures.

We have implemented appropriate technical and organizational security measures designed to protect the security of any personal information we process. However, despite our safeguards and efforts to secure your information, no electronic transmission over the Internet or information storage technology can be guaranteed to be 100% secure, so we cannot promise or guarantee that hackers, cybercriminals, or other unauthorized third parties will not be able to defeat our security, and improperly collect, access, steal, or modify your information. Although we will do our best to protect your personal information, transmission of personal information to and from our Website is at your own risk. You should only access the Website within a secure environment.

6. DO WE COLLECT INFORMATION FROM MINORS?

In Short: We do not knowingly collect data from or market to children under 18 years of age.

We do not knowingly solicit data from or market to children under 18 years of age. By using the Website, you represent that you are at least 18 or that you are the parent or guardian of such a minor and consent to such minor dependent’s use of the Website. If we learn that personal information from users less than 18 years of age has been collected, we will deactivate the account and take reasonable measures to promptly delete such data from our records. If you become aware of any data we may have collected from children under age 18, please contact us at support@climatefinance.in.

7. WHAT ARE YOUR PRIVACY RIGHTS?

In Short: In some regions, such as the European Economic Area, you have rights that allow you greater access to and control over your personal information. You may review, change, or request it to be removed at any time.

In some regions (like the European Economic Area), you have certain rights under applicable data protection laws. These may include the right (i) to request access and obtain a copy of your personal information, (ii) to request rectification or erasure; (iii) to restrict the processing of your personal information; and (iv) if applicable, to data portability. In certain circumstances, you may also have the right to object to the processing of your personal information. To make such a request, please use the contact details provided below. We will consider and act upon any request in accordance with applicable data protection laws.

If we are relying on your consent to process your personal information, you have the right to withdraw your consent at any time. Please note however that this will not affect the lawfulness of the processing before its withdrawal, nor will it affect the processing of your personal information conducted in reliance on lawful processing grounds other than consent.

If you are a resident in the European Economic Area and you believe we are unlawfully processing your personal information, you also have the right to complain to your local data protection supervisory authority. You can find their contact details here: http://ec.europa.eu/justice/data-protection/bodies/authorities/index_en.htm.

If you are a resident in Switzerland, the contact details for the data protection authorities are available here: https://www.edoeb.admin.ch/edoeb/en/home.html.

8. DO WE MAKE UPDATES TO THIS NOTICE?

In Short: Yes, we will update this notice as necessary to stay compliant with relevant laws.

We may update this privacy notice from time to time. The updated version will be indicated by an updated "Revised" date and the updated version will be effective as soon as it is accessible. If we make material changes to this privacy notice, we may notify you either by prominently posting a notice of such changes or by directly sending you a notification. We encourage you to review this privacy notice frequently to be informed of how we are protecting your information.

9. HOW CAN YOU CONTACT US ABOUT THIS NOTICE?

If you have questions or comments about this notice, you may email us at support@climatefinance.in

11. HOW CAN YOU REVIEW, UPDATE, OR DELETE THE DATA WE COLLECT FROM YOU?

Based on the applicable laws of your country, you may have the right to request access to the personal information we collect from you, change that information, or delete it in some circumstances. To request to review, update, or delete your personal information, please reach out to us through the contact form on this website.