Standard

The Climate Bonds Standard and Certification Scheme is a FairTrade-like labelling scheme for bonds. Rigorous scientific criteria ensure that it is 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.

 

 

Protected Agriculture in Mexico

Resources

  1. Protected Agriculture Criteria Summary
  2. Protected Agriculture Criteria Document
  3. Protected Agriculture Criteria Background Paper
  4. Climate Bonds Standard
  5. Climate Bonds Standard & Certification Scheme Brochure

 

Latest update:

Update 15th October 2018: Public consultation for Protected Agriculture, which started on September 3rd 2018, has now closed. We held a webinar to explain the Criteria in detail. Please watch the recording to better understand the Criteria.

 

Public Consultation

The public consultation process for this Criteria was held between 3 September 2018 and 3 October 2018.

What are the the Protected Agriculture Criteria? 

These Criteria lay out the requirements that protected agriculture assets and projects must meet in order to be eligible for Climate Bonds Certification. The bond must also meet the overarching Climate Bonds Standard.

The Protected Agriculture Criteria covers facilities including: PVC film or glass greenhouses, systems for closure and/or isolation, automation of water, precision fertilizer and other chemical use, non-soil substrates as well as dedicated infrastructure and support facilities such as computer and sensor controlled drip irrigation and micro-aspersion systems, air and light control systems, and hydroponic systems. This note provides an overview of the Criteria - for full details see the Criteria document.

Development of the Protected Agriculture Criteria 

The Criteria on Protected Agriculture was developed with a specific focus on Mexico, continuing the work on various Criteria under Land Use including forestry, land conservation and restoration, and fisheries and aquaculture. To create the Criteria, a peer reviewed process has been estalished, which assessd the scientific and financial feasibilty of the proposed Criteria. 

The aim is to review the applicability of these Criteria to Mexico first and then go on to determine whether the same Criteria can be applied globally.

Why Mexico?

Mexico has seen dramatic growth and geographic expansion in the use of protected agriculture with greenhouse-based production rising from 790 hectares in 2000 to over 23,000 hectares in 2015, representing a compounded 25% annual growth rate over this period. Future growth in protected agriculture in Mexico will be influenced by the demand in the US market (the destination for an estimated 80% of greenhouse-based production) as well as the trade policy context.

The Protected Agriculture Criteria covers facilities including: PVC film or glass greenhouses, systems for closure and/or isolation, automation of water, precision fertilizer and other chemical use, non-soil substrates as well as dedicated infrastructure and support facilities such as computer and sensor controlled drip irrigation and micro-aspersion systems, air and light control systems, and hydroponic systems.

 

Protected Agriculture Criteria Technical Reviewers 

  • Dr. Christine Negra, Versant Vision LLC
  • Lawrence Pratt, INCAE
  • Juan Manuel Ortega
  • Peter Chege, Hydroponics Kenya
  • Rama Chandra Reddy, World Bank Group