India

Applications for CFA India are now closed. The next cycle of applications will open in early 2027.

The Climate Finance Accelerator in India

The Climate Finance Accelerator in India is led by our delivery partner PwC India. CFA India closed its first call for proposals in March 2026.

Businesses that have been selected to join the cohort will be announced later in the year.

Climate policy in India

India stands at a pivotal moment in its development journey, balancing rapid economic growth with the urgent need for climate action. Currently, India ranks fourth globally in total renewable energy installed capacity and fourth in wind power, while also ranking third in solar power capacity and generation. The country has set ambitious climate goals under its updated Nationally Determined Contribution (NDC), committing to reduce emissions intensity of its GDP by 45% and achieve 50% of installed power capacity from non-fossil

sources by 2030, with long-term target of achieving net zero by 2070.

The underlying climate vulnerability of India is creating a strong demand for climate-aligned investment. Equity funding in climate finance increased by 95% to USD 9.41 billion in 2024 from USD 4.8 billion in 2023. Investor interest is growing, across climate sectors, but key challenges such as project bankability and scalability concerns remain to be addressed.