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.
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 - 308 days so far
FAA effective
19 Feb 2024
Disbursement - USD 40,500,000
05 Mar 2024
To be completed
19 Aug 2028 - 1,336 days to go
Three regions
- Latin America and the Caribbean
- Africa
- Asia-Pacific
Eight countries
- Brazil
- Gabon
- India
- Indonesia
- Lao People's Democratic Republic (the)
- Philippines (the)
- Rwanda
- Trinidad and Tobago
Three priority groups
- Least Developed Countries
- Small Island Developing States
- African States
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing100% disbursed
| Instrument | Amount |
|---|---|
| Equity | USD 40,500,000 |
| Total GCF Financing |
|---|
| USD 40,500,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Equity | USD 40,000,000 |
| Co-Financing | Equity | USD 147,500,000 |
| Co-Financing | Equity | USD 135,000,000 |
| Total Co-Financing |
|---|
| USD 322,500,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest 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
Entity
MUFG Bank, Ltd
Director
Ropemaker Place, 25 Ropemaker Street, London, United Kingdom
Vice President
20F, Marunouchi Eiraku Building 1-4-1, Marunouchi, Chiyoda-ku., Tokyo, Japan
More contacts
National Designated Authority
Secretariat for International Affairs, Ministry of Finance
Secretary for International Affairs
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Deputy Secretary for Sustainable Development Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
General Coordinator for Sustainable Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
livia.oliveira@fazenda.gov.br
luana.magalhaes@fazenda.gov.br
daniela.guimaraes@fazenda.gov.br
Conseil National Climat National Climate Council
Permanent Secretary of the National Climate Council, Special Advisor to the Gabonese President
Advisor to the Gabonese President, National Climate Council
Ministry of Environment, Forests and Climate Change
Economic Advisor
Indira Paryavaran Bhavan, Jor Bagh Road, New Delhi-110003, New Delhi, India
Fiscal Policy Agency, Ministry of Finance
Chairman of Fiscal Policy Agency, Ministry of Finance
R.M. Notohamiprodjo Building 2nd Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
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
Ministry of Natural Resources and Environment
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)
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)
Director of Planning and Cooperation Division
Department of Finance
Undersecretary, International Finance Group
Rwanda Environment Management Authority
Director General
Ministry of Planning and Development
Permanent Secretary
Level 14, Eric Williams Finance Building, Independence Square, Port of Spain, Trinidad, West Indies, Trinidad and Tobago
Documents
| Title | Type | Date |
|---|---|---|
| Green Guarantee Company (GGC) | Approved funding proposal | 14 Nov 2022 |
| Gender assessment for FP197: Green Guarantee Company ("GGC") | Gender assessment | 20 Oct 2022 |
| Gender action plan for FP197: Green Guarantee Company ("GGC") | Gender action plan | 20 Oct 2022 |
| Environmental and social safeguards (ESS) report for FP197: Green Guarantee Company (“GGC”) | Environmental and Social Safeguards report | 16 Sep 2022 |
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.