Blended Finance for India’s Climate Goals

India Renewable
Dashboard

Monitor trends in renewable energy generation in India and conduct bespoke analysis with easy to access state/project level data.

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GFC Electric Mobility
Dashboard

Up-to-date information and key trends in India's electric mobility market for relevant stakeholders including policymakers, regulators, investors, industry and consumers.

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GFC Open Access
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Our OA tools and resources allow project developers and corporate electricity consumers to determine open access charges and tariffs for different modes and fuels.

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GFC RTS Business
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The rooftop solar business model decision making tool helps discoms compare and choose business models that are most suitable to be deployed based on their vision and strategy.

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GFC Quick reads

GFC Quick Reads decode policies, trends, and advances in clean energy markets and green avenues for key stakeholders in green finance.

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GFC Infographics

GFC Quick Reads decode policies, trends, and advances in clean energy markets and green avenues for key stakeholders in green finance.

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GFC Explains

Globally, power and electricity systems are dynamic and are adapting to new discoveries and inventions. Often it becomes difficult to understand a technology or a recent trend. GFC Explains breaks down a topic of relevance to its basics for everyone's understanding.

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GFC Analysis

Tracking market trends is crucial for decision makers and overdose of information does not help. GFC Analysis reduces the clutter and shares key insights and recommendations for businesses in green finance.

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Market Handbook

The CEEW-GFC Market Handbook aims to help investors, executives and policymakers with evidence-based decision making by identifying and analysing trends critical to India’s green transition.

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Investment Trends

The Clean Energy Investment Trends is a joint project of the CEEW Green Finance Centre and the International Energy Agency (IEA). By monitoring market activity and identifying market trends, the project seeks to provide a practical guide to stakeholders for understanding how the interaction between risks and regulations is shaping investment flows.

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GFC Publications

CEEW Green Finance Centre’s publications

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About Us

CEEW-GFC acts as a non-partisan observer and catalyst that aims to bridge green financing gaps by addressing financing bottlenecks and enhancing the integration of green considerations in financial decision-making. It does so by tracking market developments, research and analysis, financial solution development, stakeholder support, technical assistance and knowledge dissemination. These are aimed at fostering coherence between policymakers, regulators, financial institutions, and industry.

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Our Impact

Highlights of our contributions to advancing the green transition

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Meet Our Team

Get to know the talented individuals behind our initiatives, as our team combines deep expertise, innovative thinking, and a shared commitment to advancing green finance.

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Event Archive

Explore our Event and Webinar Archive - A treasure trove of past knowledge-sharing sessions, providing valuable insights and expertise in green finance.

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To meet its 2030 climate goals, India needs $500 billion across 20 low-carbon technologies in power, industry, and mobility—well above today’s investment levels.
While mobilizing $500 billion may seem overwhelming, the route begins with securing a far smaller amount—$10 billion—in catalytic capital, financing that is patient, risk-tolerant, focused on development, and accepting of lower returns.
Our analysis shows that the ‘leverage multiple’ (total investment mobilized per dollar of catalytic capital) depends on a technology’s maturity and the type of financial support provided. This ranges from 35x for solar (a mature technology which requires credit enhancement guarantees) to 2x for green hydrogen (a nascent technology which requires more equity support). This implies that power and renewables require $1.5 billion, green hydrogen needs $5.9 billion, and electric mobility requires $2.7 billion in catalytic capital through 2030.
Overall, we find that each dollar of catalytic capital mobilizes five dollars of ‘blended finance’—which combines catalytic capital with commercial capital (financing at market rates). This capital improves risk-adjusted returns, allowing commercial private investment to participate in climate projects. As a result, $10 billion in catalytic capital can mobilize $50 billion in blended finance.
In line with global examples, blended finance typically makes up 10% of total financing. For India, $10 billion in catalytic capital can yield $50 billion in total blended finance, in turn paving the way to meet the $500 billion required for the country’s most critical climate-related needs.

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