Standard

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds and loans. Rigorous scientific criteria ensure that bonds and loans with Certification, are consistent with the 2 degrees Celsius warming limit in the Paris Agreement. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

Geothermal Energy

Status: The Geothermal Criteria is available for use in certifications. Get in contact with certification@climatebonds.net(link sends e-mail) to start the certification process of your Geothermal green bond. 

Resources:
1. 
Geothermal Energy Criteria and Background paper 
2.  Geothermal energy Criteria brochure
3.Climate Bonds Standard 
News:

Jan 2015: Technical Working Group established
Oct 2015: Released for public consultation
Dec 2015: Public consultation closes
Feb 2016: Available for certification

Certifications: 

AP Renewables Inc, Philippines
Contact Energy, New Zealand
AC Energy, Philippines
Tohoku Electric Power, Japan
Geysers Power (Calpine), US

Email certification@climatebonds.net for more information


 

Bonds and loans linked to these eligible assets and projects will be aligned with the Paris Agreement 2 oC limit.

Eligible assets

1. Geothermal electricity generation facilities with direct emissions of less than 100gCO2/kWh

2. Geothermal projects with mitigation technologies that will render the non-condensable gas releases to the atmosphere negligible

3. Geothermal projects that have been reviewed and registered under the Clean Development Mechanism

 

The Criteria was developed by the following Technical Working Group

TECHNICAL WORKING GROUP

EXPERT ADVISORY COMMITTEE

Geothermal Expert Advisory Committee - provided input as technical advisors, however they do not formally endorse the criteria that have been developed

 

Disclaimer: The Climate Bonds Standard Board operates legally as an advisory committee of the Climate Bonds Initiative Board and oversees the development of the Climate Bonds Standard. Neither the Climate Bonds Standard Board nor any organisation, individual or other person forming part of, or representing, the Climate Bonds Standard Board (together, "CBSB") accepts or owes any duty, liability or responsibility of any kind whatsoever to any issuer which wishes to apply for any of its bonds to be certified under the Climate Bonds Certification Scheme ("Scheme"), or to any issuer whose bonds may at any time be certified under the Scheme or to any other person or body whatsoever, whether with respect to the award or withdrawal of any certification under the Scheme or otherwise. All advice or recommendations with respect to any certification under the Scheme or otherwise that CBSB provides to the Climate Bonds Initiative Board is provided to it in an advisory capacity only and is not to be treated as provided or offered to any other person.