2.1 Definitions

List of Abbreviations

B

• BECCS: bioenergy with carbon capture and storage

C

• CF: capacity factor

• CFADS: cash flow available for debt service

• CO2: carbon dioxide

• CO2e: carbon dioxide equivalent

• CoF: consumption factor

D

• DCF: discounted cash flow

E

• EF: emission factor

• EBITDA: earnings before interest, taxes, depreciation, and amortisation

• ESG: environmental, social, and governance

• EVIC: enterprise value including cash

F

• FBM: factor-based model

• FCFE: Free Cash Flow to Equity

G

• GDP: gross domestic product

• GEM: Global Econometrics Model

• GHG: greenhouse gas

• GMT: global mean temperature

• GWP: global warming potential

I

• IAMs: Integrated Assessment Models

• IFRS: International Financial Reporting Standards

• IPCC: International Panel on Climate Change

• ITR: Implied Temperature Rise

L

• LTO: landing and take-off

N

• NAV: net asset value

• NDC: Nationally Determined Contributions

• NGFS: Network for Greening the Financial System

• NiGEM: National Institute Global Econometric Model

O

• OPEX: operating expenses

P

• PCAF: Partnership for Carbon Accounting Financials

• PDaR: physical damage at risk

• PVaR: physical value at risk

R

• RBM: regression-based model

• RCP: Representative Concentration Pathway

S

• SASB: Sustainability Accounting Standards Board

• SFDR: EU Sustainable Finance Disclosure Regulation

• SSP: Shared Socioeconomic Pathway

T

• TCFD: Task Force on Climate-Related Disclosures

• TICCS: The Infrastructure Company Classification Standard

U

• UNFCCC: United Nations Framework Convention on Climate Change

W

• WRI GPPD: World Resource Institute’s Global Power Plant Database