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A special purpose vehicle is a subsidiary company created by a parent company to undertake specific projects or transactions. SPVs can be used for a variety of reasons, including asset securitization, risk management, or to circumvent regulatory hurdles. The fundamental premise behind SPVs is that they allow the parent company to isolate financial risk, ensuring that any liabilities remain confined to the SPV and do not affect the parent company's balance sheet.


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The mention of 2019 represents a moment where awareness began to peak regarding climate change and environmental degradation. Movements such as Fridays for Future and growing sentiments aligned with the youth climate strikes highlighted the urgency and mobilization needed to tackle these issues. In this context, 2019 can be seen as a year of awakening, where the global community recognized that the choices made in the coming decades would have lasting impacts on generations to come.


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