Private Initiative to Provide Guarantees for Climate Bond Issuers
The world’s first climate-focused guarantee company will leverage an initial US$100 million from the US, UK, Nigeria and private investors to provide guarantees for institutional investors to buy green bonds.
US Takes Global Green Climate Fund Pledges to US$12.8 billion
The US has pledged an extra US$3 billion to the global Green Climate Fund (GCF) as part of its second replenishment to fund projects in climate-vulnerable countries.