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There are many classes of green bonds that have been issued or proposed, and they have taken on a confusing plethora of names such as green gilts, green retail bonds, green investment bank bonds, green infrastructure bonds, 46 multilateral development bank green bonds, green corporate bonds, green sectoral bonds, rainforest bonds and index-linked carbon bonds. One class of green bonds that has attracted attention recently is the climate bond, which is a type of green bond issued to raise capital for investments in projects which specifically mitigate or adapt to climate change. The labelling is designed to make it easier for investors to preference fixed income products that specifically address their macro concerns about climate change risks. These instruments have allowed governments to raise capital, or support the private sector in raising capital, to build renewable energy generation and its enabling infrastructure, widely implement energy efficiency measures in cities and industries and support adaptation measures that will boost the economic development of communities in the face of climate change.