Presented by ESMT Berlin
The German government launched the next phase of the Green Guarantee Group (GGG) to unlock private capital for green investments at Berlin Global Dialogue today.
Climate financing is crucial for the energy transition, particularly in developing countries, which often lack adequate investments due to geopolitical uncertainty and financial instability. Green Guarantees are innovative yet underutilized financial tools that help promote investments in environmentally sustainable projects by reducing risks for investors.
Initially launched at COP28, the GGG promotes the crucial role of Green Guarantees by connecting diverse stakeholders from business, government, academia, and civil society. It does so through knowledge exchange, policy development, and impact-driven projects - including a report and recommendations for policymakers at COP30 in Brazil.
The GGG is initiated by the German Foreign Office and Germany's Federal Ministry for Economic Affairs and Climate Action. It is chaired by Lars-Hendrik Röller. In addition, the group is supported by a secretariat at the European Climate Foundation, as well as the Climate Policy Initiative and GIZ.
"Creating dialogue between different stakeholders is at the core of our mission at Berlin Global Dialogue, which aligns with GGG's approach. We are thrilled to host the launch of the group's next phase at our summit this year", says Lars-Hendrik Röller, who is also the Founder and Chair of Berlin Global Dialogue.
Learn more about the Green Guarantee Group here.
