Carbon funds

Innovation for sustainable development

As early as 2005, the Caisse des Dépôts Group played a pioneering role in participating to launch innovative carbon credit funds. Today, CDC Climat monitors its investments in five carbon funds.

European Carbon Fund: Initiated by Caisse des Dépôts and launched in 2005, this fund comprises 13 investors and has financed 23 projects in 7 countries.

Post-2012 Carbon Credit Fund: Launched in 2008, this fund is supported by five European financial institutions with AAA ratings: European Investment Bank (EIB), the fund’s initiator, Caisse des Dépôts Group, Instituto de Crédito Oficial (ICO), KfW Bankengruppe and Nordic Investment Bank (NIB). The fund has already financed 16 carbon-related projects in Asia, Africa and Latin America for a total of 7 Mt of CO₂ emission reductions and is clising its investments.

Carbon Capital Fund Morocco: Created on the initiative of Caisse de Dépôt et de Gestion du Maroc, Caisse des Dépôts Group and EIB, this fund invests exclusively in Moroccan projects.

In 2011, CDC Climat invested in two inovative funds:

Carbon Fund of the Forest Carbon Partnership Facility (FCPF): CDC Climat pledged US$5 million (€3.8 million) to this fund managed by the World Bank and dedicated to reducing emissions from deforestation and forest degradation as well as supporting conservation, sustainable management of forests and enhancement of forest carbon stocks (REDD+) of tropical and sub-tropical forests worldwide.

Livelihoods carbon fund: Livelihoods is a Danone initiative which developps new approaches to carbon offsets, supporting large-scale pilot projects that restore biodiversity, capture carbon and fight poverty. CDC climat invested in livelihoods funds alongside Danone, Crédit Agricole and Schneider.

In 2010, CDC Climat has entrusted a new €60 m management mandate to its new subsidiary, CDC Climat Asset Management specialised in managing investments in carbon assets.