Cassa Depositi e Prestiti signed an agreement with the Green Climate Fund, the UN fund that invests to mitigate the effect of climate change in developing countries. CDP thus becomes the first Italian institution to benefit from the resources of the GCF to co-finance programs and projects with a high environmental impact in these areas of the planet and in emerging markets.
In particular, the goal is to combat climate change with interventions on several fronts: from the dissemination of renewable energies to the creation of sustainable infrastructures, up to support for micro, small and medium-sized enterprises for the growth of the local productive fabric.
"The signing of the Accreditation Master Agreement with the Green Climate Fund marks the launch of a strategic partnership dedicated to promoting initiatives to combat climate change - comments Antonella Baldino, Director of CDP International Development Cooperation - Global challenges that require global responses, through programs and projects to support resilient and sustainable growth, with an innovative vision of the long-term horizon".
For Yannick Glemarec, executive director of the Green Climate Fund, “the signing of this agreement represents a milestone in the partnership between the Gcf and CDP, our first accredited Italian institution. We look forward to a rapid development of our partnership, through the promotion and implementation of decisive initiatives in the fight against climate change that can support developing countries in their efforts to mitigate and adapt to the climate”.
