Green Climate Fund definition

Green Climate Fund means a fund established within the framework of UNFCCC as an operating entity of the Financial Mechanism to assist developing countries in adaptation and mitigation practices to the challenge of climate change.
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Green Climate Fund or “GCF” means the global fund set up by the Conference of the Parties to the UNFCCC in 2010 and 2011 as part of the UNFCCC’s financial mechanism to support the efforts of developing countries to respond to climate change.
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Green Climate Fund is meant to provide assistance to poor nations, which many experts say are already suffering more floods and drought as temperatures steadily mount such as Bangladesh. The fund will be steered by a board of 24 members chosen evenly from developed and developing nations. For the first three years, the new international organisation would be overseen by the World Bank - a controversial point for some who distrust the Washington-based lender. The European Union, Japan and the United States since last year led pledges of $30 billion in immediate assistance, to rise to $100 billion a year to start by 2020. A broader issue is just how wealthy nations would raise the money, with few governments enthusiastic to commit such large amounts in tough economic times. Some envoys advocated taxing airplane and shipping fuel. Bangladesh & the Cancun Agreement: Bangladesh is the top vulnerable country due to global climate change. A few facts distinguish Bangladesh from other countries: (a) its density of population per square mile,
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Examples of Green Climate Fund in a sentence

  • It is governed and supervised by a Board that has responsibility for funding decisions pursuant to the Governing Instrument for the Green Climate Fund (the “Governing Instrument”).

  • You will receive the RFP event notification email from the Green Climate Fund with a link to access the RFP.

  • The Green Climate Fund (the “GCF”, or the “Fund”) was established with the purpose of making a significant and ambitious contribution to the global efforts towards attaining the goals set by the international community to combat climate change.

  • It is governed and supervised by a Board that has responsibility for funding decisions pursuant to the Governing Instrument for the Green Climate Fund.

  • A significant portion of such funding should flow through the Copenhagen Green Climate Fund.

  • Sample provisions are set out below for information purposes only.] This Term Sheet, together with the Funding Proposal [and schedules and annexes] attached hereto, as agreed by the Green Climate Fund (“Fund”) and [the Accredited Entity], shall be reflected in the Funded Activity Agreement to be entered into by the Fund and [the Accredited Entity] in due course.

  • Further, procurement of goods and services will follow the general principles stated under clause 7 of Framework Readiness and Preparatory Support Grant Agreement (Framework Agreement) between Green Climate Fund (GCF) and UN Environment.

  • The Green Climate Fund (Fund) was established with the purpose of making a significant and ambitious contribution to the global efforts towards attaining the goals set by the international community to combat climate change.

  • In this regard, we welcome the launching of the Green Climate Fund and call for its prompt operationalization so as to have an early and adequate replenishment process.

  • The Green Climate Fund (“GCF”, “Fund”) was established with the purpose of making a significant and ambitious contribution to the global efforts towards attaining the goals set by the international community to combat climate change.

Related to Green Climate Fund

  • Private Fund means an issuer that would be an investment company as defined in section 3 of the Investment Company Act of 1940 but for Section 3(c)(1) or 3(c)(7) of that Act.

  • State Fund means a component of the Settlement Fund described in subsection VIII.D.

  • Rebate Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • State funds means any funds appropriated by the North Carolina General Assembly or collected by the State of North Carolina. State funds include federal financial assistance received by the State and transferred or disbursed to non-State entities. Both Federal and State funds maintain their identity as they are disbursed as financial assistance to other organizations.

  • Public fund means the state treasurer or a retirement system.

  • Infrastructure fund means the renewable fuel infrastructure fund created in section 159A.16.

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Initial Reserve Account Deposit means $3,000,000.

  • Enterprise Fund means the enterprise fund of the Recipient in which Revenues are deposited.

  • Generation Unit means a facility that converts a fuel or an energy resource into electrical energy.

  • Bond Fund means the fund created by Section 6.02 of the Indenture.

  • Initial Reserve Account Deposit Amount means an amount equal to $12,240,151.27.

  • Public funds means money belonging to the government.

  • air transport means the carriage by aircraft of passengers, baggage, cargo, and mail, separately or in combination, held out to the public for remuneration or hire, including scheduled and non-scheduled air services;

  • Cogeneration unit means a unit that is able to operate in cogeneration mode;

  • Special Master means an expert appointed by a judge to make sure that judicial orders are followed. A master's function is essentially investigative, compiling evidence or documents to inform some future action by the court.

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Principal Funds With respect to the Mortgage Loans and any Distribution Date, the sum, without duplication, of (1) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or advanced on or before the related Servicer Remittance Date, (2) prepayments in full collected in the related Prepayment Period, (3) the Stated Principal Balance of each Mortgage Loan that was purchased by the Depositor during the related Prepayment Period or, in the case of a purchase pursuant to Section 9.01, on the Business Day prior to such Distribution Date, (4) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal of the related Deleted Mortgage Loans delivered by the Sponsor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c), (5) all Liquidation Proceeds collected during the related Prepayment Period (to the extent such Liquidation Proceeds relate to principal and represent payment in full), (6) all Subsequent Recoveries received during the related Due Period and (7) all other collections and recoveries in respect of principal during the related Due Period, less (A) all Non-Recoverable Advances relating to principal with respect to the Mortgage Loans and (B) other amounts reimbursable (including without limitation indemnity payments) to the Servicer and the Trustee pursuant to this Agreement allocable to principal.

  • Bond Purchase Fund means the Fund so designated, which is created and established by a Series Indenture.

  • Special Fund means any fund other than the city general fund.

  • Special Funds means, collectively, the Bond Fund, the Project Fund and the Collateral Fund, and any accounts therein, all as created in this Indenture.

  • Fresh Funds means funds that:

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Program fund means the program fund established under section 12D.4.

  • Project Fund means the fund required to be established by this Resolution for the deposit of the proceeds of the Bonds.