CDC Climat, the Caisse des Dépôts’ subsidiary launched in 2010, develops three types of activity: services to carbon markets, investment in carbon assets and research into climate change economics. An original player in the carbon market, CDC Climat supports climate change policies by contributing additional security and a long-term vision to the markets.
■ CDC Climat offers reliable services to participants in the market
CDC Climat provides a wide range of services for new carbon market players and governments that implement climate policies highly secure tools to better manage their carbon value; carbon assets registries, exchange platforms, complete back office, carbon accounting delegation services and tools for measurement, monitoring and verification of carbon emissions.
CDC Climat is also a shareholder in BlueNext, the international carbon exchange and in Metnext, a company providing climate services to businesses.
Via its services and shareholdings, CDC Climat has ambition to provide market players with the innovative, reliable and safe infrastructure they need. Building on considerable experience and know-how on the EU ETS, CDC Climat is able to support the implementation of climate policies at the regional and national level. Its strengths are security, innovation and expertise.
■ CDC Climat invests in carbon assets
With its investments in carbon assets, CDC Climat supports worldwide emission reduction projects. CDC Climat makes indirect investments through funds open to other long-term investors.
CDC Climat is already a shareholder in three carbon funds, and targets to set up new cutting-edge funds, innovative for their areas – the Mediterranean, Africa, Europe and France – and for the type of assets that will be invested into (post 2012, forestry…). CDC Climat is also the promoter of the creation of a Mediterranean Carbon fund bringing together other European long-term investors and which is expected to be go-live during 2011. .
Through a direct investment of €50 M and of fund-raising of at least €500 M by the end of 2014, CDC Climat’s goal is to reduce CO2 emissions by 25 million tonnes per year.
■ CDC Climat conducts research into climate change economics
CDC Climat Research is a centre for analysis and for research into climate change economics. It brings together economists and engineers working in collaboration with international partners including the University of Paris-Dauphine, the Ecole Polytechnique, MIT, University College Dublin. It produces independent and non profit analyses for public authorities, market players and the general public. Its main fields of study are economics of carbon prices and analyzes of the European market, project-based mechanisms for emissions reductions, climate policy and local authorities and enhancement of the role of forest and wood products in the fight against climate change. Its research is widely disseminated via publications.
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Security, long-term, expertise and innovation
CDC Climat is a company wholly-owned by Caisse des Dépôts, created in February 2010 for the purpose of developing its activities in the climate change economy. With CDC Climat, Caisse des Dépôts plans to devote a further €250 M between now and 2015 to its investments in economic and financial tools for reducing CO2 emissions.
Furthermore, CDC Climat embodies the values of its parent company. It combines strong environment requirements with a high level of security and an ability to invest over the long-term in innovative sectors.
CDC Climat is managed by Pierre Ducret, its Chairman and CEO, and Jean-Pierre Sicard, its deputy CEO.
