Seville, 30 June 2025—At the Fourth International Conference on Financing for Development (FfD4) in Seville, the Green Guarantee Group (GGG) launched its flagship report, marking a key milestone in efforts to mobilize private finance for climate and development goals. The GGG high-level side event “Addressing climate finance and development needs: scaling up private investments with green guarantees” was co-hosted by GGG Co-Chairs Lars-Hendrik Röller, Chief Economic Advisor to former Chancellor Angela Merkel (2011–2021) and Faruk Yusuf Yabo, Permanent Secretary in Nigeria’s Federal Ministry of Solid Minerals Development, and brought together senior representatives from the Nigerian government and international finance institutions.

The newly released report outlines concrete, actionable recommendations to scale up the use of green guarantees to unlock private capital for the green transition in emerging and developing economies (EMDEs). Despite their potential to de-risk investments, guarantee instruments remain underutilized due to persistent barriers such as unclear regulation, currency risk, and lack of data.

Key recommendations of the report include:

• Clarify the supervisory treatment of guarantees
• Develop local and currency risk markets
• Promote data transparency and knowledge sharing
• Scale national guarantee institutions and regional platforms

The GGG Secretariat—co-hosted by the European Climate Foundation (ECF) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH—coordinated the elaboration of the report in close collaboration with Climate Policy Initiative (CPI). The recommendations are the result of extensive technical consultations within the GGG’s biweekly Technical Expert Meeting and strategic guidance provided by the GGG’s Wise Persons Group, composed of high-level experts in finance, policy, and development, which coordinated the report

The report also contributes to multilateral climate finance efforts, aligning with the New Collective Quantified Goal (NCQG), the Baku-to-Belém Roadmap to USD 1.3 trillion, and broader global agendas including the G20, COP30, and the 2030 Agenda for Sustainable Development.

During the event, a high-level panel — including H.E. Yusuf Tuggar, Nigeria’s Minister of Foreign Affairs, and Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD) — emphasized the need for bold, coordinated action to implement the report’s recommendations in the lead-up to COP30 in Belém, Brazil.

“Guarantees can serve as a bridge—between ambition and implementation, global capital and local needs. For Nigeria, a country confronting both the urgency of climate adaptation and the opportunity of green growth, guarantees offer practical value in de-risking investments and mobilizing private finance.”

—H.E. Yusuf Tuggar, Minister of Foreign Affairs of Nigeria