FP197

Green Guarantee Company ("GGC")

Green Guarantee Company ("GGC")

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 - 102 days so far

Approved by GCF Board

20 Oct 2022

Under implementation

Completed

Three regions

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

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 financing

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
Phone +82 32 4458 6338 (KST)
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 6155 (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
Ms. Chika Fukuyama
Secondary

Vice President, Sustainable Business Division
2-7-1, Marunouchi, Chiyoda-ku, Tokyo, Japan
Phone +81-3-3240-8180
MUFG_GCF_PF@mufg.jp
More contacts

National Designated Authority

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
Mrs. Dian Lestari Secondary
Acting Director of Center for Climate Finance and Multilateral Policy/Head of the NDA Secretariat
Center for Climate Finance and Multilateral Policy, Fiscal Policy Agency, Ministry of Finance, R.M. Notohamiprodjo Building 5th Floor, Jalan Dr. Wahidin Raya No.1,, Jakarta, Indonesia
Phone +62 21 3483 1678
ndagcf-indonesia@kemenkeu.go.id
Philippines
Department of Finance
Secretary Benjamin Diokno Primary
Department of Finance Building. Roxas Boulevard, Cor. P. Ocampo Street, Manila, Philippines (the)
Mr. Mark Dennis Joven Primary
Undersecretary
Phone +63 2 8523-4955
mdjoven@dof.gov.ph
Mr. Neil Adrian Cabiles Secondary
Assistant Secretary
Brazil
Secretariat for International Affairs, Ministry of Economy
Mr. Marco Aurélio dos Santos Rocha Primary
Secretary for International Economic Affairs
Esplanada dos Ministérios, Bloco K, 8° andar, Brasilia, Brazil
Phone +55 61 2020-4654
and.gcf@economia.gov.br
Ms. Raquel Breda dos Santos Secondary
General Coordinator for Global Development Institutions
Esplanada dos Ministérios, Bloco K, 8° andar - Sala 874, Brasilia, Brazil
Phone +55 (61) 2020-4603
raquel.breda@economia.gov.br
Mr. Luiz Mauricio de Araújo Navarro Operational focal point
Coordinator for Policies and Funds for Development Finance
Esplanada dos Ministérios, Bloco K, 8° andar - Sala 874, Brasilia, Brazil
Phone +55 (61) 2020-4603
luiz.navarro@economia.gov.br
Trinidad and Tobago
Ministry of Planning and Development
Ms Joanne Deoraj Primary
Permanent Secretary
Level 14, Eric Williams Finance Building, Independence Square, Port of Spain, Trinidad and Tobago
Lao People's Democratic Republic
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
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
Gabon
Conseil National Climat National Climate Council
Mr Tanguy Gahouma Primary
Adviser to the President of the Republic, Permanent Secretary Conseil National Climat
BP 3850, Libreville, Gabon
Dr Ludovic Banak Secondary
Sustainable Development Advisor
Phone +241 0788 9322
ngokbl@yahoo.fr
Rwanda
Rwanda Environment Management Authority
Mrs. Juliet Kabera Primary
Director General

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