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- CDC Group will invest over £3 billion (US$ 4 billion) to support emerging economies in Africa and Asia to combat the climate emergency
- The commitment will make CDC one of the world’s largest climate finance investors in Africa and select South Asian markets
- The funding will be invested over the next five years across a number of different sectors, such as renewable power, infrastructure and agriculture, including forestry
British development finance institution CDC Group will invest over £3 billion (US$ 4 billion) to support emerging economies in Africa and Asia to combat the climate emergency, the Group announced during the ongoing COP26.
The commitment will make CDC one of the world’s largest climate finance investors in Africa and select South Asian markets.
According to the Group, the investment contributes to the ‘Clean Green Initiative’ announced this week by Prime Minister Boris Johnson to help developing countries take advantage of green …
