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An investment in exchange for ownership of a company entitled to the earnings of a company after all other investors (e.g., debt-holders) have been paid. SOURCE: A Guidebook for the Design and Establishment of National Funds to Achieve Climate Change Priorities – UNDP

A market-based approach to achieving emissions reduction objectives. It allows those reducing GHG emissions below their emission cap to use or trade the excess reductions to offset emissions at another source inside or outside the country. SOURCE: A Guidebook for the Design and Establishment of National Funds to Achieve Climate …

A funding modality in which domestic entities can access funds to implement climate change programmes and projects. Financial transfers are made directly from the funding source to the domestic entity for implementation. SOURCE: A Guidebook for the Design and Establishment of National Funds to Achieve Climate Change Priorities – UNDP

The supreme body of the UNFCCC, comprised of countries with the right to vote that have ratified or acceded to the convention. SOURCE: A Guidebook for the Design and Establishment of National Funds to Achieve Climate Change Priorities – UNDP

Variations in the mean state and other statistics (such as standard deviations, the occurrence of extremes, etc.) of the climate of all temporal and spatial scales beyond that of individual weather events. Variability may result from natural internal processes within the climate system (internal variability) or from variations in natural …

Any change in climate over time, whether due to natural variability or because of human activity. SOURCE: A Guidebook for the Design and Establishment of National Funds to Achieve Climate Change Priorities – UNDP

Defined in Article 12 of the Kyoto Protocol, the CDM is intended to meet two objectives: (1) to assist parties not included in Annex I in achieving sustainable development and in contributing to the ultimate objective of the convention; and (2) to assist parties included in Annex I in achieving …

Refers to the types of resources that the fund would collect. International, national, public and private funds can all be relevant for an NCF. SOURCE: A Guidebook for the Design and Establishment of National Funds to Achieve Climate Change Priorities – UNDP

Reduction in emissions by sources or enhancement of removals by sinks that is additional to any that would occur in the absence of a Joint Implementation (JI) or a Clean Development Mechanism (CDM) project activity as defined in the Kyoto Protocol Articles on JI and CDM. SOURCE: A Guidebook for …

The Adaptation Fund was established by the Parties to the Kyoto Protocol of the UNFCCC to finance concrete adaptation projects and programmes in developing countries that are Parties to the Kyoto Protocol. The Fund is financed with 2% of the Certified Emission Reduction issued for projects of the Clean Development …