Criteria: Land Use

Resources:

1. Climate Bonds Standard Forestry Criteria
2. Climate Bonds Standard Land Conservation and Restoration Criteria

Development:

June 2018: Forestry Criteria open for public consultation
August 2017: Forestry TWG convened
May 2016: Phase II Technical Working Group established
Dec 2015: Public consultation closes
Sep 2015: Public consultation opens
Oct 2014: Phase I Technical Working Group established

Land Use Criteria and the Climate Bonds Standard

Latest update: The public consultation for the Climate Bonds Standard Forestry Criteria starts on Friday 1st June 2018. Public consultation will end 20th July 2018. Please submit comments and feedback to Katie House.

You can find information on the Climate Bonds Standard Forestry Criteria here.

To hear more about the Forestry Criteria and ask your questions directly to the experts that helped us develop these Criteria, sign up to one of our webinars:

Land Use Criteria and the Climate Bonds Standard

Latest update: The public consultation for the Climate Bonds Standard Forestry Criteria starts on Friday 1st June 2018. Public consultation will end 20th July 2018. Please submit comments and feedback to Katie House.

You can find information on the Climate Bonds Standard Forestry Criteria here.

To hear more about the Forestry Criteria and ask your questions directly to the experts that helped us develop these Criteria, sign up to one of our webinars:

Webinar 1

Monday 18th June 2018
4pm (UK time)
Register here

Webinar 2

Monday 9th July 2018
10am (UK time)
Register here

What do we mean by Land Use Criteria?

Land use sectors - specifically Agriculture, Forestry & Other Land Use (or AFOLU) - were identified by Climate Bonds as priority areas for the development of robust criteria under the Climate Bonds Standard.

According to the Intergovernmental Panel on Climate Change (IPCC), Agriculture and Forestry together contributed 22% of greenhouse gas emissions in 2005. The UN Food and Agriculture Organisation (FAO) says that such emissions have nearly doubled over the past 50 years and could increase a further 30% by 2050 without greater effort to reduce them. The United Nations estimates that an additional investment of $14bn by 2030 will be required to cope with the adverse impacts of climate change on AFOLU-sectors. At the same time, land use sectors can be a significant strategy for mitigating climate change through sequestration.

Therefore, Climate Bonds initially set out to develop Land Use Criteria that would screen investments in land use assets and related projects that are most strongly in line with the Paris Accord - in other words, those that are compatible with an emission trajectory that limits global temperature rise to 2C or lower.

However, it was decided that, to improve the ambition of each the Criteria, the land sector should be tackled by several separate criteria. That means specific criteria serving sectors such as agriculture, forestry and land conservation & restoration.

Credit Suisse, SECO and Rabobank have kindly supported this work.

Interested in Climate Bonds Certification?

1. Read more about the

Climate Bonds Standard
2. Email certification@climatebonds.net for more information

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Forestry Criteria are the first to be released

The Climate Bonds Forestry Criteria and Land Conservation & Restoration Criteria are the first of these sector criteria to be published. You can find extra information on the Forestry Criteria here, and the Land Conservation & Restoration Criteria here.

The Agriculture Criteria is the next land use sector in the pipeline - development commenced in May 2018.

At the beginning of developing the Land Use Criteria, we convened a Technical Working Groups (TWG) and an Industry Working Group (IWG) with representatives from investors, public entities, environmental and forestry NGOs and international policy bodies from around the world.

Industry Working Group

The Land Use Industry Working Group members include:

Tanja Havemann, Lead Specialist, Clarmondial Hans Biemans & Justin Sherrard, Rabobank
Marc Sadler, World Bank Brian Kernohan, Hancock Natural Resources Group
John Tobin & Fabian Huwyler, Credit Suisse Howard-Yana Shapiro, Mars / UC Davis
Oli Haltia, Dasos Capital Tim McGavin, Laguna Bay
Karla Canavan Esben Brandi, Quantum Global
Marcos Mancini, Banorte Cristiano Oliveria, Fibria
Andrew Voysey, Cambridge Institute for Sustainable Leadership Jason Green, ECOM Trading
Lara Yacob, The Nature Conservancy Mads Asprem, Green Resources
Chris Brown, Olam Howard-Yana Shapiro, Mars / UC Davis
John Simpson, Duxton Asset Management Katalin Solymosi, IADB
Timm Tennigkeit, UNIQUE Michael Hendriksz, ADM
Stephen McDowell, Barclays Rishi Madlani, Royal Bank of Scotland
Caroline Cruickshank, Bank of New York Mellon Ali bin Mohamed, Hassad Foods
Jamie Bartlett, Bank of New York Mellon  

A separate Technical Working Group (TWG) and Industry Working Group (IWG) was formed for development of the Climate Bonds Forestry Criteria. However, some crossover has taken place between the original Land Use Technical Working Group TWG and IWG shown above, and the resulting separate sector Criteria. Some of the above members have subsequently held roles in the Forestry TWG and IWG. A similar approach may take place for the upcoming Agriculture Criteria.

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.

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