FP197

Green Guarantee Company ("GGC")

Green Guarantee Company ("GGC")

  • Status Under implementation
  • Date approved 20 Oct 2022 at B.34
  • Est. completion 19 Aug 2028
  • ESS Category Intermediation 2

The Green Guarantee Company (GGC) is the first ever global institution dedicated to providing guarantees for climate bonds with significant climate adaptation and mitigation impacts. It will create an ecosystem around climate bonds for developing countries by connecting local issuers with international investors and creating working groups in the countries where it operates. This represents an opportunity to mobilise large funds from global investors by using guarantees to increase developing countries’ issuance of climate bonds and loans with significant climate impacts. 

This programme addresses the problem of inadequate climate financing from developed countries to developing countries by de-risking international private sector investments in mitigation and adaptation projects. GGC will be a powerful ally for developing countries by giving them access to international capital markets through its business model. GCF will serve as the founding equity shareholder in this first-of-its-kind institution by providing early stage and patient capital to incentivise participation from more private and institutional commercial investors. 

GCF will invest USD 40.5 million as the first tranche with subsequent investments up to an aggregate amount of USD 82.5 million as GGC scales up.

Total project value

 

Tonnes of emissions avoided

 

Beneficiaries

 

Direct
16,999,962
Indirect
19,906,811
Theme

Cross-cutting

Result areas

Project timeline

Pipeline

18 Mar 2021 - 582 days

Concept note received

18 Mar 2021

Funding proposal received

05 Jul 2021

Cleared by GCF Secretariat

21 Apr 2022

Legal opinion on AE's Internal Approval

09 Aug 2022

Cleared by iTAP

26 Sep 2022

Approved

20 Oct 2022 - 488 days

Approved by GCF Board

20 Oct 2022

FAA executed

13 Oct 2023

Under implementation

19 Feb 2024 - 149 days so far

FAA effective

19 Feb 2024

Disbursement - USD 40,500,000

05 Mar 2024

To be completed

19 Aug 2028 - 1,496 days to go

Three regions

  • Latin America and the Caribbean
  • Africa
  • Asia-Pacific

Eight countries

Three priority groups

  • Least Developed Countries
  • Small Island Developing States
  • African States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing100% disbursed

InstrumentAmount
EquityUSD 40,500,000
Total GCF Financing
USD 40,500,000

Co-financing

Co-financerInstrumentAmount
Co-FinancingEquityUSD 40,000,000
Co-FinancingEquityUSD 147,500,000
Co-FinancingEquityUSD 135,000,000
Total Co-Financing
USD 322,500,000

GCF Contacts

General media inquiries

GCF Communications
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6714 (KST)
Send e-mail

Accredited Entity

MUFG Bank, Ltd
Ms. Atsuko Nuibe
Primary

Director, Sustainable Business Division
2-7-1, Marunouchi, Chiyoda-ku, Tokyo, Japan
Phone +81-3-3240-8186
MUFG_GCF_PF@mufg.jp
More contacts

National Designated Authority

Brazil
Secretariat for International Affairs, Ministry of Finance
Ms. Tatiana Rosito Primary
Secretary for International Affairs
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Phone +55 (61) 3412-2202
and.gcf@economia.gov.br
Mr. Ivan Tiago Machado Oliveira Secondary
Deputy Secretary for Sustainable Development Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Phone +556131422202
and.gcf@economia.gov.br
Ms. Livia Farias Ferreira de Oliveira Operational focal point
General Coordinator for Sustainable Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Phone +55 (61) 33412-1702
livia.oliveira@fazenda.gov.br
Gabon
Conseil National Climat National Climate Council
Mr. Davy ONOMORI MBOUMBA Primary
Permanent Secretary of the National Climate Council, Special Advisor to the Gabonese President
Phone +241 (0) 60109090
davyonomoricnc@gmail.com
Ms. Zita KASSA WILKS Secondary
Advisor to the Gabonese President, National Climate Council
Phone +241 (0) 60009999
zitakassacnc@gmail.com
India
Ministry of Environment, Forests and Climate Change
Ms. Rajasree Ray Primary
Economic Advisor
Indira Paryavaran Bhavan, Jor Bagh Road, New Delhi-110003, New Delhi, India
Phone 011-2081-9197
rajasree.r@nic.in
Indonesia
Fiscal Policy Agency, Ministry of Finance
Mr. Febrio Kacaribu Primary
Chairman of Fiscal Policy Agency, Ministry of Finance
R.M. Notohamiprodjo Building 2nd Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
Phone +62 21 3441 484
ndagcf-indonesia@kemenkeu.go.id
Mr. Boby Hernawan Secondary
Director of Center for Climate Finance and Multilateral Policy/Head of the NDA Secretariat
R.M. Notohamiprodjo Building 5th Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
Phone +62 21 3483 1678
ndagcf-indonesia@kemenkeu.go.id
Lao People's Democratic Republic (the)
Ministry of Natural Resources and Environment
Ms. Phakkavanh Phissamay Primary
Director General, Department of Planning and Finance, Ministry of Natural Resources and Environment (MONRE)
Ministry of Natural Resources and Environment, Nong Beuk Road, Vientiane Capital, Lao People's Democratic Republic (the)
Phone +856-21 263-799
Phone +856-20 57-938-888
phakkavanh.p@laoepf.org.la
phakkavanhp75@gmail.com
Mr. Amphayvanh Oudomdeth Secondary
Deputy Director General, Department of Climate Change, Ministry of Natural Resources and Environment (MONRE)
Ministry of Natural Resources and Environment, Nong Beuk Road, Vientiane Capital, Lao People's Democratic Republic (the)
Phone +856-30 55-142-10
Phone +856-20 55-503-322
amphayvanh.oudomdeth@gmail.com
Mr. Bounpakone Phongphichit Operational focal point
Director of Planning and Cooperation Division
Mr. Anousack Maitrychith Operational focal point
Head of Planning Section
Philippines (the)
Department of Finance
Secretary Ralph Recto Primary
Secretary
Mr. Joven Balbosa Primary
Undersecretary, International Finance Group
Phone +63 2 8523-4955
jbalbosa@dof.gov.ph
Ms. Carlyn Diaz Operational focal point
Rwanda
Rwanda Environment Management Authority
Mrs. Juliet Kabera Primary
Director General
Trinidad and Tobago
Ministry of Planning and Development
Ms. Marie Hinds Primary
Permanent Secretary
Level 14, Eric Williams Finance Building, Independence Square, Port of Spain, Trinidad, West Indies, Trinidad and Tobago
Phone +(86) 612-9700 ext. 1329/2016
Marie.Hinds@planning.gov.tt

Documents

News + Stories

Launch of Green Guarantee Company to mobilise billions in climate finance

05 Feb 2024 / The world’s first climate-focused guarantee company is set to unlock billions in climate finance for developing countries by providing guarantees for institutional investors buying green bonds issued and listed on the London Stock Exchange (LSE) and green loans issued in the private credit market.