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Lambdas are a language construct (anonymous functions), closures are an implementation technique to implement first-class functions (whether anonymous or not).
A lambda is just an anonymous function - a function defined with no name. In some languages, they are equivalent to named functions. In fact, the function definition is re-written as binding a lambda to a variable internally. In other languages, like Python, there are some (rather needless) distinctions between them, but they behave the same way otherwise.
A closure is a function that is evaluated in its own environment, which has one or more bound variables that can be accessed when the function is called. They come from the functional programming world, where there are a number of concepts in play. Closures are like lambda functions, but smarter in the sense that they have the ability to interact with variables from the outside environment of where the closure is defined.
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