Hydropower

Status: NOT YET AVAILABLE. The Hydropower Criteria will hopefully be ready for use in certifications by the end of 2020. Please contact certification@climatebonds.net if you have queries about certification. 

Frequently Asked Questions

Why do we need Climate Bonds in Hydropower? What type of hydropower projects can be financed via climate bonds? Click here to read what our most frequently asked questions are regarding the Hydropower Bond Criteria and the Consultation Process. 

Hydropower Criteria 

CBI’s draft Hydropower Criteria provide guidance for developers on ensuring climate change resilience, improving environmental and social sustainability. Projects adhering to the Criteria strengthen their credibility and increase their access to responsible investment options.

Hydropower Criteria Background Paper

In this background paper, learn how the Paris Agreement shaped the Hydropower Criteria to ensure sustainable development, without compromising economic development and access to electricity. The background paper explains how the Hydropower Criteria applies to all types of projects interested in securing responsible financing. 

Hydropower TWG and IWG

The TWG brings together a host of industry, environmental, technical and water experts drawn from international NGOs, government and academia. TWG processes will be conducted through regular meetings and bilateral consultations, organised around evolving draft documents. The Criteria developed by the TWG is reviewed regularly by the Industry Working Group made up of experts from the hydropower industry and financial sphere to ensure their usability for the climate and green bond market. Once developed, Draft Criteria will then be opened for public and industry stakeholder consultation. Feedback will be reviewed before being submitted to the Climate Bonds Standard Board for consideration.

Hydropower Technical Working Group:

WWF Jian-hua Meng International Water Security Lead	International Hydropower Association Richard Taylor Chief Executive Officer	Alliance for Global Water Adaptation Dr. John Matthews Secretariat Coordinator	International Institute for Environment and Development Jamie Skinner Principle Researcher, Natural Resources Group & team leader, water
Water and Power Law Group PC Richard Roos-Collins Principal	Norwegian Ministry of Petroleum and Energy Oivind Johansen Deputy Director	State Secretariat for Economic Affairs Mattia Celio Program manager	National Planning Commission, South Africa Mike Muller Commissioner
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IUCN Global Water Programme Dr James Dalton Coordinator Global Water Initiatives	Great Rivers Partnership, TNC David Harrison Senior Advisor and Consultant	REN21 Christine Lins Executive Secretary	International Hydropower Association (IHA) Cameron Ironside Sustainability Director
Independent Consultant Joerg Hartmann	UNESCO-IHE Institute for Water Education Miroslav Marence Associate Professor in Storage and Hydropower	TNC Jorge Gastelumendi Senior Policy Advisor
TWG Observers		Technical Consultant
World Bank Group Pravin Karki Senior Hydropower Specialist Energy & Extractives Global Practice	World Bank Group Diego Rodriguez Senior Economist	Climate Bonds Initiative Helen Jackson Environmental Economist

 

Hydropower Industry Working Group (IWG):

Amec Foster Wheeler, Dr Murray C. Simpson	Brookfield Renewable, Antonio Fonseca dos Santo
CECEP, Wenqin Lu	Citi, Courtney Lowrance
Contact Energy, Kaapua Smith	EBRD, Christian Carraretto
EDF, Alexander Marty and Jean Copreaux	Eletrobras, Pedro Luiz de Oliveira Jatoba
FMASE, Gil Maranhão / Philipp Hauser	Hindustan Electric Power, Awadh B Giri
Hydro Tasmania, Alex Beckitt	J.P. Morgan, Charles Gooderham
M&G Investment, David Kemp	M&G Investment, David Kemp
Mott McDonald, Bruno Trouille	National Australia Bank, David Jenkins
DNV-GL, Mark Robinson	Emergent Ventures, Atul Sanghal
ERM, Duncan Russell	EY, Pip Best and Judy Li
Kestrel Consulting, Monica Reid	China Lianhe Equator Environmental Impact Assessment, Jingyun Liu
PwC, David Greenall	S&P Trucost, Derek Ip
TUV Nord, Tahsin Choudhury	Zhongcai Green Finance, Yang Yao

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”