1. Climate Bonds Standard V2.1
2. Climate Bonds Standard & Certification Scheme Brochure


Sept 2016: Bioenergy TWG reconvened to address comments from public consultation
May 2015: Draft Bioenergy Criteria launched for public consultation
June 2014: Bioenergy TWG established                   


Criteria in development - not available for certification

The Goal

To identify low carbon and climate resilient bioenergy assets and projects, and to provide a potential path for certifying green bonds in the bioenergy sector, under the Climate Bonds Standard and Certification Scheme.


Bioenergy is playing an important role in today’s energy system, representing 11% of final energy consumption. An expanded role of bioenergy is required for the transition to a low carbon and climate resilient economy, given its importance in electricity, heating and transport sectors. However, bioenergy can only play the role when it delivered in a way that is compatible with the transition to rapid decarbonisation, consistent with the 2 degree, ideally 1.5 degree, global warming limit agreed by the international community. 

Bioenergy assets/projects generate greenhouse gas (GHG) emissions in the process of feedstock production and processing, biofuel blending, transport and distribution of biofuel, and carbon stock change, etc. The production and use of bioenergy can also impact on the resilience of the ecosystem to climate change, for example by impacting on the water resources, land use change and biodiversity. 

To address these issues and to identify low carbon and climate resilient bioenergy investments, the Climate Bonds Initiative has launched the Bioenergy Technical Working Group (Bioenergy TWG) to develop Eligibility Criteria for assets in the bioenergy sector under the Climate Bond Standard. ​

Interested in Climate Bonds Certification?

1. Read more about the Climate Bonds Standard
2. Email for more information


The Climate Bonds Initiative has convened experts from academia, international agencies, industry and NGOs​ in bioenergy sector and established the Bioenergy Technical Working Group (TWG). The TWG meets monthly to discuss and adivise on the development of bioenergy criteria, covering issues regarding climate mitigation and adaptation, and other environmental and social impacts in bioenergy sector.

Once the TWG finishes their discussions and proposes draft Bioenergy Criteria, a Bioenergy Industry Working Group (Bioenergy IWG) consisting of potential green bond issuers, investors, financial intermediaries and verifiers will be set up to advise and review the draft Criteria being developed by the TWG, testing the practicality of the Criteria and providing recommendations for further improvement. 

After the Bioenergy IWG review, the Criteria will be released to the market for public consultation. Once completed and released, the Bioenergy Criteria will allow certification of bioenergy-related investments under the Climate Bonds Standard.


Bioenergy Technical Working Group (TWG)

Dr. Ausilio Bauen

National Wildlife Federation
Barbara Bramble​
Vice President, International Conservation and Corporate Strategies

Food & Agriculture Organisation (FAO)
Aziz Elbehri

Senior Economist, Trade and Markets Division 

Utrecht University
Dr Birka Wicke
​​Assistant Professor
Copernicus Institute of Sustainable Development - Energy & Resource

The University of British Columbia
Jack (John) N Saddler​
Professor, Department of Wood Science

Accreditation Services International​
László Máthé
Accreditation Program Manager and Lead Author 

University of Wisconsin-Madison
Molly Jahn​

International Institute for Sustainability Analysis and Strategy​
Uwe R. Fritsche
Scientific Director

Luc Pelkmans
Project Manager Bioenergy & Biomass 

Spatial Informatics Group (SIG) ​
Dr Thomas Buchholz
Forest and Agriculture

Boeing UK
Dr Richard Mills​
Strategy Director

Arise International
Shay Reza




Bioenergy Industry Working Group (IWG)

Artur Yabe Milanez, BNDES Brad C. Friedman, Ramirez & Co., Inc.
Bryan Sherbacow, AltAir Fuels Christian Carraretto, EBRD
Cindy Thyfault, Wester Trade Resources  David Fairchild, Bureau Veritas UK
David Kemp, M&G Investment Derek Ip, S&P Trucost
Dimitri Koufos, EBRD Elena Schmidt, Roundtable on Sustainable Biomaterials
Gerard J.Ostheimer, SEforALL Mark Robinson, DNV GL
Matthew Brander, University of Edinburgh Melanie Eddis, ERM
Michael Brown, Ryze Capital Partners Michael Burns, Novozymes
Mike Cao, Shanghai Mu Yi Investment Advisors Ltd Monica Reid, Kestrel Consulting
Nikos Ntavos, Cluster of Bioenergy & Environment of Western Macedonia Paul Curtis-Hayward, Guy Butler Limited
Terri Smalinsky, Ziegler Investment Banking Wenqin Lu, CECEP 
Each sector-specific eligibility criteria are developed along a set process. This ensures we create robust sceince-backed criteria that are useable in the market:


Sector criteria are currently available for Solar, Wind, Geothermal, Low Carbon Buildings, Water, Low Carbon Transport and Marine Renewable Energy

Soon to be available are criteria for Marine. Work is ongoing on Bioenergy, Hydropower, ​Waste Management and Land Use.