Standard

The Climate Bonds Standard and Certification Scheme is a 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

 

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, precision fertilizer and other chemical use, non-soil substrates as well as dedicated infrastructure and support facilities such as computer and sensor controlled air and light control systems.

Development of the Protected Agriculture Criteria 

The Protected Agriculture Criteria was developed with a specific focus on Mexico, continuing the work on various Criteria under Land Use including forestry, land conservation and restoration, and griculture. To create the Criteria, a peer reviewed process was been established, 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.

Public Consultation

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

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
  • Will Nicholson, Food Climate and Research network
  • Henrik Selin, Boston University
  • Salvador Gonzales

 

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”