Energy and ecological transition: €10bn for the circular economy

On 18 July, five banks and national institutions*, including Caisse des Dépôts, alongside the European Investment Bank (EIB), launched a €10bn initiative over the next five years to accelerate the transition to a sustainable and circular economy.

 

Energy and the environment
06August2019

Pour la transition énergétique et écologique
The initiative is intended to support the development and implementation of projects and programmes related to the circular economy in the European Union by providing loans, equity investments or guarantees, but also by creating innovative financing structures, for public and private infrastructure, municipalities, private companies, research and innovation projects.

With this joint initiative, Caisse des Dépôts Group intends to support more circular projects in France and, in collaboration with our European counterparts, to highlight the full capacity of the circular economy to achieve sustainable growth while opening up new economic opportunities for our territories.

Read the press release

 

What is the circular economy? An economic concept part of sustainable development: green economy, ecodesign, industrial ecology, etc. The aim: building economic growth that is not based on the depletion of natural resources, but on a rational use of materials and energy by promoting the use of renewable energy and recycling. How? Focusing on new modes of design, production and consumption - extending product life, using rather than owning goods, reusing and recycling components, not using toxic products in the manufacturing process. The setting of a circular economy is part of the energy and ecological transition process. Source: Novethic

 

* Bank Gospodarstwa Krajowego (BGK - Poland), Caisse des Dépôts Group including Bpifrance, Cassa Depositi e Prestiti (CDP - Italy), Instituto de Crédito Oficial (ICO - Spain), Kreditanstalt für Wiederaufbau (KfW - Germany).

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