Status: The Hydrogen Criteria is currently in development.
Criteria: The Hydrogen Criteria lay out the requirements that Hydrogen production projects must meet to be eligible for inclusion in a Certified Climate Bond and for companies on a credible transition path to issue transition labelled debt.
Bonds and loans linked to these eligible assets and projects will be aligned with the Paris Agreement 1.5ºC limit.
Why develop eligibility Criteria for hydrogen investments?
Hydrogen is experiencing unprecedented momentum as a sustainable fuel and feedstock, offering a huge opportunity to replace fossil resources and contribute to the decarbonisation of the economy. Hydrogen production requires high amounts of energy. Most of its production today is based on the cheapest alternatives: natural gas steam reforming and coal gasification. These production pathways have a high carbon footprint, hence making hydrogen production more sustainable is essential to contribute to decarbonisation of the economy
Standards and certification mechanisms will play an essential role in the hydrogen market evolution. Establishing global criteria will foster a level playing field and offer more confidence to investors. Promoting green investments across the whole hydrogen value chain will be essential to develop the hydrogen market.
The Technical and Industry Working Groups (TWG and IWG)
To create the Criteria, we convened a Technical Working Group (TWG) with representatives from academia, public entities, research institutes and international policy bodies from around the world. These experts ensure a robust pragmatic criteria is developed. Later, an Industry Working Group (IWG) will be convened with industry experts to review the TWG's draft criteria and provide advice.
The Hydrogen Criteria Technical Working Group Members
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Technical Lead: Hydrogen Criteria MIT Energy Initiative |
Clarissa Bergman Fonte University of Rio de Janeiro |
Gabriele Nascimiento da Silva KfW (Development Bank of Germany) |
Guiseppe Bianchi Independent Consultant, Professional in Decarbonisation |
Gniewomir Flis
Energy Revolution Ventures |
Graeme Sweeney European Technology Platform of Zero Emission |
Joe Powell Independent Senior Consultant |
Maria de los Angeles Valenzuela HINICIO |
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Marta Lovisolo Bellona Europe |
Matthew Halstead TNO |
Narayan Kumar TERI |
Patrick Molloy RMI |
Rachel Fakrhy Race to Zero UNFCCC |
Zainab Datti GIZ |
Zaffar Hussein Agora Energiewende |
Climate Bonds Sustainability Analyst Coordinating the Process Marian Rodriguez |