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CDP aims to improve the country and the environment. We have a variety of initiatives to support projects for energy efficiency, distribution of renewable energy and the switch to clean urban transportation systems, in line with the “20/20/20 Climate and Energy Package” of the Member States of the European Union
This is a revolving fund to finance initiatives to reduce greenhouse gas emissions, aimed at implementing the Kyoto Protocol.
Acting through Cassa depositi e prestiti, Italy is a sponsor – along with the European Commission and the European Investment Bank – of the new European Energy Efficiency Fund envisaged under the European Energy Programme for Recovery (EEPR).
The EEEF's funding target is €800 million, which is to be achieved through capital contributions from outside investors to add to the existing €265 million (European Commission €125 million, EIB €75 million, CDP €60 million, Deutsche Bank AG, selected as the investment manager, €5 million).
The main beneficiaries of the initiative are local authorities, utilities, energy service companies (ESCOs), public transportation operators and social housing associations.