New Company Aims to Reduce Risk for Climate Investments in Developing Countries

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 36 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 77%

Climate Change News

Climate Change,Developing Countries,Renewable Energy

The Green Guarantee Company (GGC) has raised $100 million to reduce risk for private investors funding renewable energy and climate projects in developing countries.

When it comes to climate change, poor countries face a double whammy: Not only do they experience some of the worst impacts of global warming, they then struggle to access the big sums of money needed for climate solutions because of risk-shy investors. A new company wants to change that.

The Green Guarantee Company (GGC), which is based in the UK and launched Friday, has raised an initial $100 million with the goal of dramatically reducing the risk for private investors seeking to fund renewable energy and other climate projects in developing countries. The company’s early investors include the national governments of Nigeria, Norway, the UK and the US, as well as the United Nations-backed Green Climate Fund, which was set up to help developing nations meet their climate goals. ADVERTISEMENT CONTINUE READING BELOW “There are very, very good companies in emerging markets that are simply trapped by the sovereign ratings they are dealing with,” said company co-founder Lasitha Perer

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fintech Solutions Reduce Risks for Informal Market Traders in South AfricaTrading in South Africa’s informal markets brings real risks to merchants and their suppliers. Fintech solutions can greatly reduce these risks, especially in the area of supplier payments. Kazang’s supplier payments platform has been a game changer in helping merchants and suppliers overcome challenges.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Fintech Solutions Reduce Risks for Informal Market Traders in South AfricaTrading in South Africa’s informal markets brings real risks to merchants and their suppliers. Fintech solutions can greatly reduce these risks, especially in the area of supplier payments. Kazang’s supplier payments platform has been a game changer in helping merchants and suppliers overcome challenges.
Source: mybroadband - 🏆 11. / 67 Read more »

Twitch CEO Admits Company is Not ProfitableThe CEO of Twitch, Dan Clancy, has admitted that the leader in livestreaming is not profitable. Twitch, owned by Amazon, recently cut 25 percent of its staff leading to concerns that the company may fold in the near future.
Source: htxtafrica - 🏆 42. / 51 Read more »

The Importance of Marketing in Company SuccessInsights into the importance of marketing in company success and the need for marketers to be involved from the start of new projects.
Source: BusinessTechSA - 🏆 24. / 61 Read more »