Green Climate Fund definition

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 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 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 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

  • 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.

  • The Green Climate Fund (GCF) is a unique global platform to respond to climate change by investing in low-emission and climate-resilient development.

  • The Green Climate Fund (GCF) is a multilateral financing mechanism established to support climate action in the Caribbean and by extension in developing countries.

  • The Green Climate Fund (“Fund”) is strongly committed to preventing and combating fraud, corruption, Money Laundering, Terrorist Financing and other Prohibited Practices (as defined below), in accordance with international standards.

  • 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 (GCF) is a financial operating entity of the United Nations Framework Convention on Climate Change (UNFCCC) which is established to contribute to the collective efforts of the international community to combat climate change.

  • The Green Climate Fund (GCF), in fulfilling its mandate, responds to climate change through strategic investments actions that will result in low-emission and climate resilient development.

  • Ministry of Finance has been effectively and efficiently planning to access resources from Green Climate Fund (GCF) and managing public investments on climate change through national system.

  • Green Climate Fund G-Tower 12 Floor, 175 Art center-daero, 00-0 Xxxxxx-xxxx Xxxxxx-xx, Xxxxxxx, 00000 Xxxxx Xxxxx Telephone: 00-00-0000000 Fax: 00-00-0000000 E-mail: ________________ [Contractor’s address Telephone: Fax: E-mail:________________] Each Party shall designate an Authorized Representative that shall coordinate all activities between the Fund and the Contractor under the Contract.

  • The Green Climate Fund will follow the timeline below for this RFP.

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.

  • 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 $3,250,000.

  • 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 $1,030,941.16.

  • Public funds means money belonging to the government.

  • Cogeneration unit means a unit that has equipment used to produce electric energy and forms of useful thermal energy (such as heat or steam) for industrial, commercial, heating or cooling purposes, through the sequential use of energy.

  • 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 the fund by that name created in Section 7.1. “State” means the State of Nebraska.

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

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

  • Heating oil means petroleum that is No. 1, No. 2, No. 4-light, No. 4-heavy, No. 5-light, No. 5-heavy, and No. 6 technical grades of fuel oil; other residual fuel oils (including Navy Special Fuel Oil and Bunker C); and other fuels when used as substitutes for one of these fuel oils. Heating oil is typically used in the operation of heating equipment, boilers, or furnaces.

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

  • road reserve ’ means the area contained within the statutory width of a road, and includes roadways, shoulders and sidewalks and the airspace above such roadways, shoulders and sidewalks and all other areas within the road reserve boundary;

  • Yield Reserve means, on any date, an amount equal to: (a) the Capital at the close of business of the Servicer on such date multiplied by (b)(i) the Yield Reserve Percentage on such date divided by (ii) 100% minus the Yield Reserve Percentage on such date.

  • Cooling Water means the water discharged from any use such as air conditioning, cooling or refrigeration, or to which the only pollutant added is heat.

  • Fund Board means the Board of Directors/Trustees of a Fund.