Criteria: Geothermal Energy

Resources:

1. Climate Bonds Standard 
2. Geothermal Eligibility Criteria

News:

Feb 2016: Available for certification
Dec 2015: Public consultation closes
Oct 2015: Released for public consultation
Jan 2015: Technical Working Group established

Certifications: 
August 2017: Contact Energy, New Zealand
March 2016: AP Renewables Inc, Philippines

The Geothermal criteria sets out what geothermal projects are applicable for certification under the Climate Bonds Standard

The potential of current geothermally-active regions is estimated to be able to provide roughly 10% of world primary energy consumption.

Additionally, Enhanced Geothermal Systems (EGS) technologies are being developed that will expand geothermal’s geographical range, and hence increase this potential by an order of magnitude.

Geothermal looks set to be a huge source of clean energy for the future.

However, in some instances Geothermal can also be a source of emissions. Some geothermal plants can actually generate higher direct greenhouse gas emissions than fossil fuel equivalents; drilling through some rock types can lead to fugitive GHG emissions.

The Geothermal criteria addresses this issue with the emission threshold that projects must meet if they are to be certified. 

APPLICABLE ASSETS

1. New and existing geothermal projects 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

Interested in Climate Bonds Certification?

1. Read more about the Climate Bonds Standard
2. Email certification@climatebonds.net for more information

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

TECHNICAL WORKING GROUP

EXPERT ADVISORY COMMITTEE

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

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.