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This report by the Climate Policy Initiative evaluates five alternative project financing models to help Indonesia's state-owned electricity firm, PLN, meet the USD 24 billion investment requirement for its 2025–2034 transmission expansion goals.

The Development Bank of Southern Africa (DBSA), supported by the Climate Policy Initiative (CPI) and Promethium Carbon, has designed two financial instruments—a carbon credit-backed bond and a carbon repo facility—to address the supply-demand imbalance and liquidity challenges in South Africa's voluntary carbon market (VCM). These instruments aim to transform carbon credits into investable assets to mobilize private capital for climate mitigation projects.

The Uganda Development Bank (UDB) has designed a Currency Risk-Sharing Facility (CRSF) to scale up local-currency climate lending through its Climate Finance Facility (CFF). Developed via the FiCS Innovation Lab with technical support from the Climate Policy Initiative, the University of Leeds, and City St. George’s University of London, the CRSF aims to reduce foreign exchange (FX) exposure for UDB when borrowing in hard currencies (USD/EUR) and on-lending in Ugandan shillings (UGX). The instrument employs a layered risk-sharing approach, combining partial hedging with a tail-risk FX guarantee to protect against severe UGX depreciation while remaining more affordable than full hedging.

This report introduces the Integrated Net Present Value (iNPV) framework, developed by RMI and Schneider Electric, to help the US light manufacturing sector better quantify the total value of investments in electrification, automation, and smart manufacturing.

This report by the Climate Policy Initiative and the Glasgow Financial Alliance for Net Zero examines the critical role of equity and catalytic equity in closing the clean energy investment gap in emerging markets and developing economies (EMDEs) to reach net zero goals by 2035.

This executive summary by the Climate Policy Initiative and Pontifical Catholic University of Rio de Janeiro (CPI/PUC-RIO) argues for the central role of tropical forests in climate mitigation. It proposes a new financial architecture, specifically the Reversing Deforestation Mechanism (RDM), to incentivize large-scale forest restoration and move tropical forests from being viewed as a climate risk to a climate solution.

This document provides the technical annexes for a roadmap on climate finance for livestock in Latin America and the Caribbean. It details the methodologies used to evaluate investment risks and attributes, investor preferences, and the correlation between the two to determine investor suitability. The annexes also include modeling for capital composition across different financial and political scenarios and a detailed segmentation of the regional livestock market by geography and farm size.

This document provides the technical annexes for the 'Climate Finance Roadmap for Livestock in Latin America and the Caribbean.' It details the methodologies used to assess investment risks, investor preferences, and the resulting alignment between the two. The annexes also describe the modeling of capital composition across three scenarios—Business-as-Usual (BAU), Enhanced Financial Strategies (IFS), and Enhanced Financial and Policy Strategies (IFPS)—and provide detailed characteristics of livestock farming segments in Brazil, Argentina, Mexico, and other LAC countries.

This report presents a National Integrated Clean Cooking Planning (NICCP) approach for Rwanda, utilizing the Integrated Clean Cooking Planning Tool (ICCPT) and a financial model to evaluate two strategic paths: the 'Aligned' plan and the 'CleanStep' plan. The analysis focuses on transitioning households from traditional biomass (firewood and charcoal) to clean cooking technologies, including electricity, LPG, ethanol, and improved biomass stoves, while assessing the associated techno-economic, social, and financial impacts through 2034.

The report argues that the European Union's 2020 hydrogen strategy was overly ambitious and requires recalibration to align with market realities. It advocates for a pragmatic, implementation-focused approach that prioritizes 'hard-to-electrify' sectors—such as steel, maritime, and fertilizers—while utilizing a combination of mandates ('sticks') and targeted funding ('carrots') to bridge the cost gap between renewable hydrogen and fossil-based alternatives.

This research paper examines voluntary biodiversity credits (VBCs) as a mechanism to bridge the global biodiversity funding gap. It argues that because the standalone business case for VBCs is currently weak, they should be integrated into hybrid financing models—such as carbon markets and debt-for-nature swaps—to attract private investment and ensure scalable conservation outcomes.

This report by the Climate Policy Initiative analyzes how currency risk—specifically the mismatch between hard-currency debt and local-currency revenues—inhibits climate finance in emerging markets and developing economies (EMDEs). It evaluates standard hedging tools and five innovative models designed to lower the cost of capital and deepen local financial markets to catalyze international private investment.

This case study by RMI details a pre-feasibility analysis conducted in 2023 for a representative coal-fired power plant in Indonesia. The analysis evaluated four scenarios for accelerated retirement and repurposing—including early retirement without repurposing, early retirement with clean energy repurposing, and biomass co-firing—to determine their financial, technical, and climate impacts for investors, utilities, and the electricity system.

This briefing by RMI explores how the Energy Infrastructure Reinvestment (EIR) Program, established by the Inflation Reduction Act (IRA), can be used for "capital recycling" to accelerate the clean energy transition. The author argues that by using low-interest federal loans to displace costly utility equity and refinance "low-quality" rate base components (legacy fossil fuel costs), utilities can reduce ratepayer costs while maintaining sustainable shareholder earnings. The document provides a five-step implementation framework and applies it to case studies of utilities in Iowa and Missouri, while also detailing federal compliance requirements such as NEPA.

This report by RMI analyzes the US Department of Energy's Energy Infrastructure Reinvestment (EIR) program, specifically how utilities can use its low-cost financing to refinance legacy fossil fuel asset costs and invest in clean energy. Through modeling of two utilities—Alliant in Iowa and Ameren in Missouri—the report demonstrates that EIR financing can significantly reduce costs for ratepayers compared to traditional utility financing or securitization.

This report by Ember analyzes the investment and capacity requirements for India to align its renewable energy targets with the International Energy Agency's (IEA) Net-Zero Emissions (NZE) pathway by 2030, comparing these needs against the targets set in India's 14th National Electricity Plan (NEP14).

This research paper proposes a Global Credit Guarantee Facility (GCGF) to reduce the high cost of capital for renewable energy projects in developing economies, outlining three funding scenarios and their potential impact on risk premia and credit ratings.

This briefing by RMI discusses the Energy Infrastructure Reinvestment (EIR) Program, a Department of Energy (DOE) loan initiative under the Inflation Reduction Act (IRA). RMI argues that investor-owned utilities (IOUs) can use these low-interest loans to accelerate clean energy transitions, increase shareholder returns, and lower costs for ratepayers, though the program is currently underutilized and rarely mentioned in utility earnings calls.

This research paper by the Climate Policy Initiative (CPI) examines the disparity between solar energy potential and installed capacity in developing economies, attributing the gap to high costs of capital driven by sovereign and off-taker risks. The authors propose the establishment of a Global Credit Guarantee Facility (GCGF) to de-risk cross-border financing and lower risk premiums for renewable energy projects in Emerging Market & Development Economy (EMDE) countries.

The report proposes transforming fossil fuel electricity subsidies in the Dominican Republic into a blended finance model to install rooftop solar systems for low-to-middle income households and small businesses. By investing a few years' worth of subsidies into solar infrastructure, the government could eliminate the need for ongoing monthly subsidies, reduce carbon emissions, and lower long-term energy costs for citizens.