Criteria: Bioenergy

Resources:

1. Bioenergy Criteria Brochure
2. Bioenergy Criteria Document
3. Bioenergy Criteria Background Paper
4. Climate Bonds Standard V2.1
5. Climate Bonds Standard & Certification Scheme Brochure

Development:

May 2018: Bioenergy Criteria public consultation
October 2017: Bioenergy IWG convened to review the Criteria
Sept 2016: Bioenergy TWG reconvened to revise the Criteria
May 2015: Draft Bioenergy Criteria launched for public consultation
June 2014: Bioenergy TWG established

Update 3 May 2018: The public consultation for Bioenergy Criteria started on 3 May 2018, and closed on 1 July 2018.

We held a live webinar to explain the Criteria in detail. Please watch the recording to better understand the Criteria.

 

 

The Goal
An expanded role of bioenergy is required for the transition to a low carbon and climate resilient economy. However, bioenergy can also generate greenhouse gas (GHG) emissions duing feedstock production and processing, transport and distribution; and have impacts on the resilience of the ecosystem to climate change through changes to water quality, biodiversity and soil carbon, etc.

To address these issues and to identify low carbon and climate resilient bioenergy investments, the Climate Bonds Initiative has launched the Bioenergy Technical Working Group (TWG) to develop Eligibility Criteria for assets in the bioenergy sector under the Climate Bond Standard. ‚Äã

The Criteria
The Bioenergy Criteria lay out the requirements that bioenergy assets and/or projects must meet to be eligible for inclusion in a Certified Climate Bond. The Criteria apply to a variety of bioenergy assets and projects including facilities producing biofuel/biomass for electricity, heating/cooling and transport; energy generation facilities including electricity, heating/cooling and cogeneration facilities; and dedicated supporting infrastructure.

The Bioenergy Criteria contain both Mitigation Requirement, and Adaptation & Resilience Requirement:

How the Bioenergy Criteria were developed

The Climate Bonds Initiative has convened experts from academia, international agencies, industry and NGOs‚Äã in bioenergy sector and established the Bioenergy Technical Working Group (TWG). The TWG met monthly to discuss and adivise on the development of bioenergy criteria, covering issues regarding climate mitigation and adaptation, and other environmental impacts in bioenergy sector.

After the TWG finished their discussions and proposed draft Bioenergy Criteria, a Bioenergy Industry Working Group (Bioenergy IWG) consisting of potential green bond issuers, investors, financial intermediaries and verifiers has been set up to advise and review the draft Criteria being developed by the TWG, testing the practicality of the Criteria and providing recommendations for further improvement.

After the Bioenergy IWG review, the Criteria are now released to the market for public consultation. Once completed, the Criteria will be submitted to the Climate Bonds Standard Board for approval. Then the Criteria will be released and allow certification of bioenergy-related investments under the Climate Bonds Standard.

 

Bioenergy Technical Working Group (TWG)

E4Tech
Dr. Ausilio Bauen
Director

National Wildlife Federation
Barbara Bramble
Vice President, International Conservation and Corporate Strategies

Food & Agriculture Organisation (FAO)
Aziz Elbehri
Senior Economist, Trade and Markets Division

Utrecht University
Dr Birka Wicke
Assistant Professor
Copernicus Institute of Sustainable Development - Energy & Resource

The University of British Columbia
Jack (John) N Saddler
Professor, Department of Wood Science

Accreditation Services International‚Äã
László Máthé
Accreditation Program Manager and Lead Author

University of Wisconsin-Madison
Molly Jahn
Professor

International Institute for Sustainability Analysis and Strategy‚Äã
Uwe R. Fritsche
Scientific Director

VITO
Luc Pelkmans
Project Manager Bioenergy & Biomass

Spatial Informatics Group (SIG) ‚Äã
Dr Thomas Buchholz
Forest and Agriculture

Boeing UK
Dr Richard Mills
Strategy Director

Arise International
Shay Reza
Co-Founder

 

 

Bioenergy Industry Working Group (IWG)

Artur Yabe Milanez, BNDES Brad C. Friedman, Ramirez & Co., Inc.
Bryan Sherbacow, AltAir Fuels Christian Carraretto, EBRD
Cindy Thyfault, Wester Trade Resources David Fairchild, Bureau Veritas UK
David Kemp, M&G Investment Derek Ip, S&P Trucost
Dimitri Koufos, EBRD Elena Schmidt, Roundtable on Sustainable Biomaterials
Gerard J.Ostheimer, SEforALL Mark Robinson, DNV GL
Matthew Brander, University of Edinburgh Melanie Eddis, ERM
Michael Brown, Ryze Capital Partners Michael Burns, Novozymes
Mike Cao, Shanghai Mu Yi Investment Advisors Ltd Monica Reid, Kestrel Consulting
Nikos Ntavos, Cluster of Bioenergy & Environment of Western Macedonia Paul Curtis-Hayward, Guy Butler Limited
Terri Smalinsky, Ziegler Investment Banking Wenqin Lu, CECEP
 

Climate Bonds Standard: Sector Criteria Process

Each sector-specific eligibility criteria are developed along a set process. This ensures we create robust science-backed criteria that are usable in the market:

Sector criteria are currently available for Solar Energy, Wind Energy, Geothermal Energy, Low Carbon Buildings, Water Infrastucture, Low Carbon Transport and Marine Renewable Energy.

Soon to be available are criteria for Hydropower and Forestry. Work is ongoing on Waste Management, Bioenergy, Land Conservation & Restoration and Land Use.

The Climate Bonds Initiative provides information resources like this page as a public good. You are free to republish and/or quote online comments or analyses without prior consent, provided you provide a full reference, clearly stating the Climate Bonds Initiative and the relevant author as the source, and include a prominent hyperlink to the original post.