The Green Guarantee Company (GGC) Program will mobilize more climate finance from the private sector to developing countries, being the first guarantee company with this specific objective. GGC's business plan envisions leveraging $405 million of capital to provide guarantees to mobilize $4 billion in green bonds and loans from global credit and capital markets for climate finance in developing countries, over a 10-year period.
GGC will provide guarantees for investments in sectors consistent with the GCF, following the following result areas: generation and access to energy (30%); low emission transport (20%); buildings, cities, industries and household appliances (30%); health, well-being, food and water security (10%); infrastructure and built environment (10%).
The business plan anticipates that GGC will be able to generate a return on equity that will be attractive to commercial investors by year 10 of operations. Consequently, GGC will seek to facilitate an exit for the founding shareholders, including the GCF.
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