The Green Guarantee Group (GGG) was announced at COP28 and launched in March 2024 by Germany’s Federal Foreign Office and the former Ministry for Economic Affairs and Climate Action, now Ministry for Economic Affairs and Energy. By establishing the GGG, Germany and Nigeria have initiated the dialogue to address persistent challenges in the use of guarantees for climate finance — in particular, to unlock their full potential in mobilizing private capital for emerging markets and developing economies (EMDEs).
Events
Recurring events
Technical expert group (recurring event)
An expert group has been meeting regularly since April 2024 to discuss elements of guarantees. The group brings together governments, Multilateral Development Banks, Development Agencies, Think Tanks, private sector actors—including investors, insurance companies, RE manufacturers companies and service providers—as well as civil society actors and academia.
Past events
- African Climate Summit - 8-10 September 2025, Addis Ababa
- 4th International Conference on Financing for Development (FfD4) - 30 June – 3 July 2025, Seville(Read the side event press release)
- UNFCCC SB 62nd Sessions - 16 – 26 June 2025, Bonn, Germany
- Global NDC Conference - 11 – 13 June 2025
- ESMT Expert Forum on Climate Finance (Deep Dive: Mobilizing Private Capital for Sustainable Development) - 5 June 2025
- Hamburg Sustainability Conference 2025 (Unlocking Private Climate Finance in EMDEs) - 2 – 3 June 2025
- IMF & WB Spring meetings - 23 – 25 April 2025, Washington D.C. (and first Wise-Persons Group Meeting)
- IMF & WB Spring meetings - 23 – 25 April 2025, Washington D.C.
- 16th Petersberg Climate Dialogue - 25 – 26 March 2025
- Berlin Energy Transition Dialogue - 18 March 2025 (Accelerating the energy transition and de-risking investments – Accelerated Partnership on Renewable for Africa, APRA, and the GGG: Read the press release; Catalysing Private Capital for the Green Transformation – The Green Guarantee Group: (Watch the recording)
At COP29
The Green Guarantee Group was present at COP29, and contributed to three side events:
- Green Guarantee Group – Unlocking private capital at scale for the green transition in EMDEs
- Providing the Private Sector with Confidence: The Green Guarantee Group
- Mobilizing private investment to accelerate sustainable development
Upcoming events
African Climate Summit
8-10 September, 2025
Addis Ababa
NYC Climate Week
21-29 September, 2025
IMF & WB Annual meetings
17-19 October, 2025
Washington D.C
Berlin Global Dialogue 2025
21-22 October, 2025
G20 High-Level Engagement
Q3 2025
COP30
10-21 November, 2025
Belem, Brazil
Flagship report
Scaling up green guarantees
Despite record growth in global climate investment, the finance gap remains vast, especially in emerging markets and developing economies. Guarantees are among the most effective tools to mobilize private capital for climate action but remain underused. This report by the Green Guarantee Group offers clear, practical recommendations to scale their deployment where they are needed most.
Read the report
Selected Work
Publication
Scaling Up Green Guarantees: Recommendations by the Green Guarantee Group
Despite record growth in global climate investment, the finance gap remains vast, especially in emerging markets and developing economies. Guarantees are among the most effective tools to mobilize private capital for climate action but remain underused. This report by the Green Guarantee Group offers clear, practical recommendations to scale their deployment where they are needed most.
Publication
Landscape of Guarantees for Climate Finance in EMDEs
Cross-border guarantees are an important but underused tool for leveraging private capital in climate finance, particularly for emerging markets and developing economies. CPI conducted a comprehensive scoping analysis to gain a baseline understanding of the global landscape of guarantees. These instruments were analyzed based on financial instrument coverage, sector and climate focus, geographic reach, and types of risk coverage.
Publication
Energizing Private Capital: Innovations in Guarantee Offerings for Climate Finance
This policy brief identifies key barriers to the adoption of green guarantees and highlights existing solutions to address these challenges. The report also draws key takeaways and recommendations and lists policy-related questions for further consideration.
About the GGG
The GGG is chaired by Professor Lars-Hendrik Röller, Chairman of the Berlin Global Dialogue and former Chief Economic Advisor to Chancellor Angela Merkel (2011–2021). Since March 2025, Nigeria is serving as a co-chair, represented by Mr. Faruk Yabo, Permanent Secretary of the Nigerian Ministry of Solid Minerals Development.
The European Climate Foundation (ECF) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) serve as the GGG Secretariat, led by Morgan Després, Executive Director of International Finance, Economy and Nature Programmes at ECF. The Secretariat supports the high-level engagement and political outreach of the Co-Chairs with strategic partners across key international fora and events — including the COPs, FfD4, the HSC and IMF/ World Bank Annual and Spring meetings. In addition, it coordinates the work of the GGG’s core bodies — the Wise Persons Group and the Technical Expert Group — and ensures the delivery of all key events and activities, including flagship reports, stakeholder engagement, knowledge exchange, and external communications.
Climate Policy Initiative (CPI) serves as a high-level advisor and analytical partner to the GGG, helping to identify key challenges and innovative solutions related to guarantees. CPI will also support the identification of “lighthouse projects” to unlock climate investment and provide recommendations to scale green guarantees ahead of COP30.
PEOPLE
Implementing agencies of the GGG Secretariat
For further information on the GGG please reach out to:
- Karla Esquinca (CPI): karla.esquinca@cpiglobal.org
- Claire Lacoste (ECF): claire.lacoste@europeanclimate.org
- Nadja Emmanuel (GIZ): nadja.emmanuel@giz.de
