Deutsche Bank has announced it has signed a memorandum of understanding with the Development Guarantee Group (“DGG”). Under the agreement, Deutsche Bank will act as an Origination Partner for the Green Guarantee Company (“GGC”), which will be managed by DGG. GGC is a specialist guarantor for climate mitigation and adaptation projects in developing countries. Claire Coustar, global head of ESG FIC, Deutsche Bank said: “As we work towards the critical goal of keeping warming to 1.5 degrees, there is a real need for greater mobilisation of private capital to emerging…
Read MoreDeutsche Bank & The Development Guarantee Group sign Memorandum of Understanding to tackle climate financing gap for developing countries
