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Intesa Sanpaolo prepared to fund €50B of green investments, CEO says

Intesa Sanpaolo SpA CEO Carlo Messina said the Italian banking group is prepared to fund €50 billion for investments in Italy linked to the EU's Green Deal, ANSA reported.

The plan, which the EU announced earlier in January, aims to make at least €1 trillion available in sustainable investments over the next 10 years to bring down CO2 emissions to zero by 2050.

Messina said of the €50 billion funding, €150 million could be invested in Italy.