Geothermal Energy

Status: The Geothermal Criteria is available for use in certifications. Get in contact with certification@climatebonds.net(link sends e-mail) to start the certification process of your Geothermal green bond. 

Bonds and loans linked to these eligible assets and projects will be aligned with the Paris Agreement 1.5oC limit.

Eligible assets

1. Geothermal electricity generation facilities with direct emissions of less than 100gCO₂/kWh

2. Geothermal projects with mitigation technologies that will render the non-condensable gas releases to the atmosphere negligible

3. Geothermal projects that have been reviewed and registered under the Clean Development Mechanism

 

The Criteria was developed by the following Technical Working Group

TECHNICAL WORKING GROUP

• Akira Tanabe, Senior E&S Specialist, International Finance Corporation (IFC)(link is external)
• Magnus Gehringer, Senior Consultant Geothermal Specialist, IFC
• Tom Harding-Newman, Energy Specialist, leading IFC’s geothermal advisory services in Turkey
• Kevin McCray, Executive Director, National Groundwater Association NGWA(link is external)

EXPERT ADVISORY COMMITTEE

Geothermal Expert Advisory Committee - provided input as technical advisors, however they do not formally endorse the criteria that have been developed

• Ausilio Bauen, Director, E4tech(link is external)
• Adam Chase, Co-Director, E4tech
• Roland Roesch, Senior Programme Officer, Renewable Energy Markets and Technology Dialogue, International Renewable Energy Agency, IRENA

 

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.