The Development Guarantee Group

At the Lab Summit during New York Climate Week, Lab alumni shared insights on driving private finance for climate action. Their stories showcased ambitious solutions that have catalyzed over $4 billion in investments across emerging markets. How are Lab alumni shaping the future of sustainable finance? Learn more about the panel: https://lnkd.in/dj-uFay8 Ben Broché, Martha de Sá, CFA, Lasitha Perera, Sanjay Wagle, The Lightsmith Group, VERT Capital, The Development Guarantee Group #climatefinance #climatesolutions #emergingmarkets #innovation

We are thrilled to share that the Green Guarantee Company, managed by The Development Guarantee Group, in collaboration with Chemonics International has been selected as one of the most innovative blended finance transactions at the The Global Impact Investing Network Forum 2024. We are very grateful for this recognition and would like to thank USAID, Prosper Africa, the U.S. Department of State, Foreign, Commonwealth and Development Office, Green Climate Fund, NSIA: Nigeria Sovereign Investment Authority and Norfund. A special thanks to Pollination and the USAID Climate Finance for Development Accelerator (USAID CFDA).

In April 2015 WWF published a report valuing the global ocean economy at around USD 1.5 trillion per year, making it the seventh largest economy in the world, with its value expected to double by 2030 to USD 3 trillion. At the same time, the total value of ocean assets (natural capital) is estimated to be at least USD 24 trillion. As we fast approach the 10th anniversary of that 2015 WWF report it is astounding that #SDG14 (Life below water) is among the least funded of the United Nations Sustainable Development Goals. The amount of climate finance received for the ocean is less than 1 percent of the total with the annual funding gap for ocean conservation estimated at USD 150 billion. Furthermore, as momentum gathers within the finance sector around investing in natural capital the Ocean isn't seen as a priority. Why the disconnect? Today is Ocean Day at COP29 Azerbaijan and our Chief Executive Officer, Lasitha Perera, joined Kris Sarri from USAID, Ariane Marietta Steins-Meier from Ocean Risk and Resilience Action Alliance, and Dr Filimon Manoni from the Pacific Ocean Commission and Dr Gellwynn Jusuf from the Blue Adadi Fund to discuss different innovative finance mechanisms which have been or are being developed to "Harness the Power of Ocean-Climate Finance for Sustainable and Equitable Development". Lasitha presented on how guarantees from the Green Guarantee Company can help mobilised global investors to invest in large-scale blue economy projects while the development of Nautilus - The Blue Guarantee Company, which the The Development Guarantee Group is developing in partnership with the Ocean Risk and Resilience Action Alliance, with the support of the USAID Climate Finance for Development Accelerator (USAID CFDA) and the United Kingdom's Department for Environment, Food and Rural Affairs will focus on helping smaller projects in Small Island Developing States and coastal communities in the most vulnerable countries which rely on the Ocean. #COP29 #ocean #SDG14

Exciting to see the Green Guarantee Company (GGC) showcase the opportunity in urban climate finance at #COP29! 🌱🏙️ GGC is the world's first climate-focused guarantor. With support from USAID, GGC is delivering innovative approaches to mobilizing and localizing greater private investments to fund green projects.

The Development Guarantee Group Chief Executive Officer, Lasitha Perera, presented on the Green Guarantee Company (GGC) at the High-Level Roundtable on Urban Climate Finance which took place as part of the Ministerial Meetings on Urbanization and Climate Change at COP29 Azerbaijan today. Many thanks to the UN Environment Programme and the Global Alliance for Buildings and Construction (GlobalABC) for their kind invitation to GGC to participate. It was an engaging session with a number of national and local governments from both the Global North and the Global South articulating eloquently the challenges they face in helping their urban populations adapt to the consequences of climate change and more pertinently the challenges in raising urban climate finance to implement the solutions they need. It was clear that the urban climate finance gap doesn't fit the Global North (has finance) vs Global South (doesn't have finance) paradigm - it is truly a Global issue. There was universal consensus that guarantees have an important role to play in helping channel more urban climate finance from the private sector. To this end Lasitha reaffirmed that GGC, as the world's first climate focused guarantor, is ready to play its part in helping to address the barrier created by a misperception of the risks associated with urban climate finance. In conclusion, Lasitha also made the point that the strongest and most active capital markets globally are underpinned by a strong and active real estate sector. Consequently, it is not just the case that the construction sector needs finance, but equally true that the finance sector needs a strong construction sector. #COP29 #BuildForClimate #ActOnCooling Roland Hunziker l Gulnara Roll l Hanane Hafraoui

The Development Guarantee Group Chief Executive Officer, Lasitha Perera, presented on the Green Guarantee Company (GGC) at the High-Level Roundtable on Urban Climate Finance which took place as part of the Ministerial Meetings on Urbanization and Climate Change at COP29 Azerbaijan today. Many thanks to the UN Environment Programme and the Global Alliance for Buildings and Construction (GlobalABC) for their kind invitation to GGC to participate. It was an engaging session with a number of national and local governments from both the Global North and the Global South articulating eloquently the challenges they face in helping their urban populations adapt to the consequences of climate change and more pertinently the challenges in raising urban climate finance to implement the solutions they need. It was clear that the urban climate finance gap doesn't fit the Global North (has finance) vs Global South (doesn't have finance) paradigm - it is truly a Global issue. There was universal consensus that guarantees have an important role to play in helping channel more urban climate finance from the private sector. To this end Lasitha reaffirmed that GGC, as the world's first climate focused guarantor, is ready to play its part in helping to address the barrier created by a misperception of the risks associated with urban climate finance. In conclusion, Lasitha also made the point that the strongest and most active capital markets globally are underpinned by a strong and active real estate sector. Consequently, it is not just the case that the construction sector needs finance, but equally true that the finance sector needs a strong construction sector. #COP29 #BuildForClimate #ActOnCooling Roland Hunziker l Gulnara Roll l Hanane Hafraoui

We are excited to announce that Valerie Chan has been appointed Health Safety Environment and Social (HSES) Specialist at The Development Guarantee Group. She will bring a unique set of skills and experiences that will strengthen our team and support our mission to help close the climate finance gap in developing nations. Valerie has over 20 years consultancy experience in the built environment engineering industry. She has worked in Asia, New Zealand and the United Kingdom providing strategic advice to clients and working on numerous projects from the feasibility stage through to construction and operations. She is a Chartered Engineer with the Engineering Council (UK) and member of the Institution of Engineering and Technology. The Development Guarantee Group, co-founded by Cardano Development, is a specialist advisory and asset management company focused on creating innovative guarantee solutions that help deliver the United Nations Sustainable Development Goals. For more information: https://guarantee.dev/

The Development Guarantee Group’s (DGG) Chief Executive Officer, Lasitha Perera, will be participating in a panel on Harnessing the Power of Ocean-Climate Finance for Sustainable and Equitable Development as organised by USAID during COP29 Azerbaijan on Ocean Day (21st November) where he will be speaking about the establishment of Nautilus, the Blue Guarantee Company, through partnerships with the Ocean Risk and Resilience Action Alliance (ORRAA), USAID and UK Department for Environment, Food and Rural Affairs.   #SDG14 (Life below water) is among the least funded of the United Nations Sustainable Development Goals. The amount of climate finance received for the ocean is less than 1 percent of the total with the annual funding gap for ocean conservation estimated at USD 150 billion.   Nautilus is being set up to de-risk and mobilise regenerative and sustainable blue economy sector investments through the provision of guarantees. For more information, please contact https://lnkd.in/e3Fb-RZD   #climatefinance #climateaction

The Green Guarantee Company, managed by The Development Guarantee Group, is the world’s first climate focused guarantor enabling access to finance from global capital markets to help developing nations address climate change. If you would like to find out more, please visit https://greenguarantee.co/