• CGC applauds groundbreaking agreement to fund South African Climate Finance Facility

    Press Release: August 21, 2019. Today’s agreement between the Development Bank of Southern Africa (DBSA) and the Green Climate Fund (GCF) to establish a specialized Climate Finance Facility is a critical and exciting step in a years-long process. The agreement marks the GCF’s commitment of US$56 million to the Climate Finance Facility, which will use […]

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  • CGC in the News: Nature Letter Calls for Increased Study of Green Bank Model

    In a new letter to the editor published in Nature, CGC CEO Reed Hundt calls for further study into the Green Bank model, and advocacy from scientists and experts around the need to drive investment in clean energy infrastructure. “The introduction last month of the US National Climate Bank Act is a boost for ‘green’ […]

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  • New Case Study highlights CGC’s work to create $100M Green Bank in South Africa

    A new case study from Convergence Blended Finance showcases the Climate Finance Facility (CFF), a specialized lending facility designed on the “Green Bank” model, based in South Africa. Green Banks are public, quasi-public, or non-profit entities established specifically to facilitate private investment into low-carbon, climate-resilient infrastructure. Convergence is the global network for blended finance, generating […]

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  • Rwanda Engages CGC to Develop Catalytic Green Investment Fund

    Press Release: June 26, 2019 The Coalition for Green Capital (CGC) today announced it has been awarded a contract to develop a new fund to expand Rwanda’s climate finance capacity. The fund will be designed to complement existing programs available through the Rwanda Green Fund (FONERWA), with a unique and specific focus on unlocking and […]

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  • Two Dozen Countries Come Together in Historic Shift Toward Green Finance

    PARIS (March 18, 2019) – The Coalition for Green Capital (CGC) has joined in organizing a first-of-a-kind global Green Bank forum – the Green Bank Design Summit. Signaling a shift in global climate politics, 24 developing countries representing 27% of global GDP and 44% of global carbon emissions are coming together to craft a new […]

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  • Green Bank Congress brings together green finance experts from around the world

    Green Banks, Green Funds and fellow green finance practitioners from around the globe gathered in Shanghai, China on November 29 for the sixth annual Green Bank Congress. Representatives from Clean Energy Finance Corporation (Australia), Green Investment Group, Connecticut Green Bank, Green Finance Organization Japan, Rhode Island Infrastructure Bank, Green Tech Malaysia and many more gathered […]

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  • GCF Signals New Way to Fund Green Banks in U.S. and Abroad

    Last week, the Green Bank world hit an exciting and crucial milestone. The Green Climate Fund (GCF) became the first multilateral institution in the world to capitalize and fund a local Green Bank in a developing nation. The GCF approved a $55 million loan to the Development Bank of Southern Africa’s (DBSA) new Climate Finance […]

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  • GCF funds first Green Bank, committing $55.6m for Green Bank in Southern Africa

    Washington, DC, October 19, 2018 – Today the Coalition for Green Capital congratulates the Development Bank of Southern Africa (DBSA) for the approval of a first-of-its-kind-loan from the Green Climate Fund (GCF) to the DBSA for the creation of a new Green Bank. The DBSA Green Bank, called the Climate Finance Facility, can now launch […]

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  • Convergence supports CGC’s effort to establish first Green Bank in an emerging market

    TORONTO, 5 April 2018 – Convergence and ClimateWorks are partnering with the Coalition for Green Capital (CGC) and the Development Bank of Southern Africa (DBSA) to support the establishment of the Climate Finance Facility (CFF), which hopes to be the first “Green Bank” in an emerging market. The CFF will rapidly scale up private investments […]

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  • On the Road to a South African Green Bank

    CGC staff spent the last week in Johannesburg, partnering with the Development Bank of Southern Africa (DBSA) on the formation of their new Climate Finance Unit based on a “Green Bank” model. The DBSA is a regional development bank, financing infrastructure projects across multiple countries in partnership with private lenders and international DFIs. Identifying the […]

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