At a Glance
|Publication Date||September 2021|
|Thematic Areas||Cross Cutting, Climate Resilient and Green Growth, Green Finance, Climate Finance, National Financing Vehicles, NFVs|
Established as a treaty-based international organization in 2012, GGGI originally focused on providing capacity building, sector planning, and knowledge products to enable the green transformation of Members. In 2014, GGGI and its Members decided to expand GGGI’s remit to include the preparation of pipelines of green climate projects that are aligned with the environmental goals and economic development plans of Members. Since then, GGGI has focused specifically on three different types of financial products, namely green projects, financial instruments, and national financing vehicles (NFVs).
This report documents that during 2015–2020, GGGI mobilized USD 2.05 billion in initial green climate finance commitments for its Members. The number of projects increased annually, and 59 green projects in total were prepared over this period. This mobilization amount and the number of projects mark a sharp increase compared to the results in the previous period. Read the full report.