The Global Green Growth Institute (GGGI) is an intergovernmental organization founded to support and promote a model of economic growth known as green growth, which targets key aspects of economic performance such a poverty reduction, job creation, social inclusion, and environmental sustainability. GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. The organization partners with countries, multilateral institutions, government bodies, and the private sector to help build strong economies that are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change. GGGI supports stakeholders through complementary and integrated workstreams that deliver comprehensive products designed to assist in developing, financing, and mainstreaming green growth in national economic development plans.
GGGI is seeking to expand its sustainable finance footprint in El Salvador and, more broadly, Central America to accelerate the transformation of financial sector architecture to drive increased financial flows towards NDC and SDG goals and implement GGGI’s activities under the framework of the European Commission Global Green Bond Initiative (GGBI), a Global Gateway Investment Agenda flagship initiative.
GGGI sustainable finance priorities and corresponding opportunities are presented broadly below:
Priorities
Opportunities
Transforming the financial architecture
Integrating climate and nature-related financial risks in the banking sector
Leveraging concessionary financing to expand private flows
Capturing the climate opportunity in insurance
Strengthening the bankability of green projects
Alignment of financial flows with 1.5°C scenarios
Enhancing the local ecosystem for climate investment
Aligning climate and development needs
Creating synergies between development and climate action
Mainstreaming climate change mitigation and adaptation into financial systems
Support a fair, science-based transition of grey industries
Improving data and transparency
Standardization of classification and reporting methodologies and processes
Enhancing the transparency and disclosure of climate finance data
