From renewables to low-impact transport: in emerging countries to foster the green transition

Producing energy from renewable sources, making buildings more energy efficient, managing water and waste, and building sustainable transport infrastructure. These are among the objectives of Amundi Planet - Emerging Green One (AP-EGO), the world's largest fund dedicated to green finance, which invests in 14 emerging countries in Asia, Africa and South America.

Objectives to which CDP has also contributed as part of its international cooperation activities, with an investment of €70 million in AP-EGO.

Among others, the Fund has invested in:

• Brazil to build eight wind farms with a capacity of over 1,300 Megawatts. A project that will avoid the emission of 110 thousand tonnes of CO₂ into the atmosphere
• the Philippines, where CO₂ emissions avoided amount to almost 200,000 tonnes, thanks to new plants to treat wastewater and manage waste, energy efficient buildings and facilities to produce renewable energy
• India for low-emission transport projects and to build rail infrastructure for freight transport.

Since its creation, AP-EGO has helped mobilise €9 billion in green bonds and avoided the emission of 400,000 tonnes of CO₂ per year.

In international cooperation, in addition to investing in funds that promote sustainable development on a global scale, CDP also manages the Revolving Fund for Development Cooperation funds and directly finances the investment projects of Italian companies in emerging markets.