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.

Hydropower

RESOURCES

Hydropower Criteria 

Hydropower Criteria Brochure

Hydropower Criteria FAQs

Hydropower Background Paper

Climate Bonds Standard 

 

Certifications

will you be first to be certified?...

 

Timeline of Development

March 2021: Criteria published

June 2019: Public Consultation Launch

July 2017: IWG Launch

June 2016: TWG Launch

 

NOW AVAILABLE The Hydropower Criteria is now ready for use for certifications.  Get in contact with certification@climatebonds.net(link sends e-mail) to start the certification process of your green bond. 

Hydropower Criteria 

Climate Bonds’ 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.  It also provides detail on why certain thresholds were chosen and the rationale for the criteria.

 

Hydropower working groups

The Criteria and it's background paper were developed by a Technical Working Group (TWG) that brought together a host of industry, environmental, technical and water experts drawn from international NGOs, government and academia.

The group met regularly and undertook bilateral consultations, organised around evolving draft documents. The evolving Criteria was reviewed regularly by the Industry Working Group (IWG) made up of experts from the hydropower industry and financial sphere to ensure their usability for the industry and the climate and green bond market.

Once developed, the draft Criteria was opened for public and industry stakeholder consultation. Feedback was reviewed and documents edited before they were submitted to the Climate Bonds Standard Board for consideration and eventual approval.  Members of the TWG and IWG are listed below.  

 

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 the most frequently asked questions about the Hydropower Criteria and the Consultation Process. 

 

Hydropower Technical Working Group:

WWF
Jian-hua Meng
International Water Security Lead

RMT Renewables Consulting Ltd 
(Formerly CEO of International Hydropower Association)
Richard Taylor

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

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

Formerly Sustainability Director at IHA

 

Independent Consultant
Joerg Hartmann

IHE Delft Institute for water Education
Miroslav Marence
Associate Professor in Storage and Hydropower

The Nature Conservancy
Jorge Gastelumendi
Global Director for Water and Energy Policy 
CEO
     
Niels Nielsen
Research Programme Co-ordinator

 

 

     
       
TWG Observers     Technical Consultant
Pravin Karki
Senior Hydropower Specialist
Energy & Extractives Global Practice
Diego Rodriguez
Senior Economist
Rickard Liden
Lead Energy Specialist
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”