CDC Group, the UK’s development finance institution and impact investor, is to invest over £3 billion to support emerging economies in Africa and Asia to combat the climate emergency.

The commitment, made today at COP26 in Glasgow, will make CDC one of the world’s largest climate finance investors in Africa and select South Asian markets.

The £3 billion of climate finance from CDC will be invested over the next five years across a number of different sectors, such as renew...