Global Environment Facility (GEF) is a multilateral
body of governments, civil society, banks etc. acting as a financial
mechanism to environmental conventions like UNFCCC etc.
Green Climate Fund was created by UNFCCC in 2011 as
an operating entity of financial mechanism of the UNFCCC.
Carbon taxes and cess by the national governments.
Clean Development Mechanism – It involves investment
by developed countries in emission reduction projects in developing
Joint Implementation (JI) - JI enables developed
countries to carry out emission reduction projects in other developed
Perform Achieve Trade (PAT) - It is a market-based
trading scheme under National Mission on Enhanced Energy Efficiency (NMEEE).
It involves trading in energy efficiency certificates to offset emissions.
Climate Bond Initiative- It is an international,
investor- focused not-for-profit organization It's the only organisation
working to mobilize $100 trillion bond market for climate change solutions.
Green Bond- The capital for green bond is raised to
fund ‘green’ projects like renewable energy, emission reductions etc. First
Green Bond was issued by World Bank in 2007. There is no standard definition
of green bonds as of now.