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GREEN BONDS

Are innovative financial instruments where the proceeds are invested exclusively (either by specifying the use of the proceeds, direct project exposure, or securitization) in green projects that generate climate or other environmental benefits.

Source: UNDP
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GREEN CLIMATE FUND (GCF)

Is a global fund created to support the efforts of developing countries to respond to the challenge of climate change. Established in 2010, GCF helps developing countries limit or reduce their greenhouse gas (GHG) emissions and adapt to climate change.

Source: Green Climate Fund
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GREENHOUSE GASES (GHGs)

Any of the atmospheric gases that contribute to the greenhouse effect by absorbing infrared radiation produced by solar warming of the Earth’s surface. They include carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), and water vapor.

Source: Dictionary
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