Green bonds can finance the future – The Hindu (July 29, 2016)
The Indian government has set an ambitious target of generating 100GW of energy from solar energy sources and 60GW from wind energy sources by 2022. As of March 31, 2016, the corresponding figures stood at 6.76GW and 26.7GW respectively. For further reading, visit “The Hindu”.
Word List:
- Green bonds – the issuer of a green bond publicly states that capital is being raised to fund ‘green’ projects, which typically include those relating to renewable energy, emission reductions and so on. There is no standard definition of green bonds as of now. For further reading visit “The Hindu”.
- Ambitious (adjective) – difficult, demanding, formidable, hard, tough.
- Renewable energy (noun) – energy generated from the natural resources (such as water, wind, solar energy)
- Balance sheet (noun) – a statement that shows the financial condition of a company at a particular point in time.
- Proceeds (noun) – money, profits, returns, income, revenue.
- Encompass (verb) – cover, embrace, include, incorporate.
- Consensus (noun) – an idea or opinion that is shared by all the people in a group. agreement, concurrence.
- Subsidy (noun) – grant, allowance, endowment; support, assistance.
- Discoms – (of electricity) distribution companies of India.
- Viability Gap Funding – a capital grant from the government that bridges the gap between project cost and the price quoted by the developer.
- Cumulative (adjective) – increasing, accumulative; collective, aggregate.
- Prevailing (adjective) – existing, present, current.
- Obligation (noun) – contract, agreement, deed, bond.
- Diversification (noun) – a technique with which a company will have multiple investments/investors/products/operations to reduce risk.
- Mitigate (verb) – reduce, alleviate, lessen.
- Minuscule (adjective) – very small, little, micro, minute.
- Fossil fuel – nonrenewable resources or fossil fuels such as coal, oil and natural gas are formed from the buried /deposited organic materials.
- Degradation (noun) – deterioration, degeneration, decay.
- Equitable (adjective) – fair, impartial, right; reasonable/sensible.
- Mobilise (verb) – bring into use/play, generate, stimulate, encourage.
- Meagre (adjective) – inadequate, scanty, limited, insufficient.
- Nascent (adjective) – (of an idea /organisation) starting/beginning/coming to exist; incipient, budding, aborning.
- To the fore (phrase) – in or into a (conspicuous) place of importance.
- Deployment (noun) – use of resources for successful/productive results.
- Carbon footprint – The total set of greenhouse gas emissions caused by an [individual, event, organisation, product] expressed as CO2e (Courtesy: Wikipedia).
- Sustainable (adjective) – maintainable, dependable, defensible.
Note:
- Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc from http://www.oxforddictionaries.com/ .
- Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press.
Be the first to comment