enforced by banks, brokers, etc. • Governance by code, not by people – Nobody to hold accountable – Code is not always well-written – Velocity of transactions is very high, e.g., “flash loans” • Reliance on

disturbances, in which trees are being or have been regenerated by a combination of natural and artificial regeneration with species typical of natural forests in that site, and where many of the above-ground

lasted through the quarter. 2. Net marketing margin decreased, compared to the previous quarter, as the retail price was unable to keep up with the velocity of rising cost, combined with the government’ s

Low Carbon Land Transport and the Climate Bonds Standard (Version 1.0) Background Paper to Eligibility Criteria Low Carbon Transport Technical Working Group Climate Bonds Standard and Certification Scheme: LC Transport Technical Working Committee Page 2 of 20 Contents 1 Introduction ...................................................................................................................................... 3 2 Leveraging climate bonds to develop low carbon transport infrastructure ........