Criteria: Marine Renewable Energy


1. Marine Renewable Energy Criteria - summary
2. Marine Renewable Energy Criteria - full document
3. Marine Renewable Energy - background document
4. Climate Bonds Standard
5. Climate Bonds Standard & Certification Scheme Brochure


Oct 2017: Marine Renewable Energy Criteria released for Certification
June 2017: Marine Renewable Energy Criteria launched for public consultation
May 2017: Industry Working Group launched
April 2016: Technical Working Group established

Recent Certifications:

Update 9th October 2017: The Marine Renewable Energy Criteria are now available for Climate Bonds Certification.



The Marine Renewable Energy Criteria have been designed to encompass all marine renewable energy technologies, both the established and the emerging. The Criteria can be applied to offshore wind, offshore solar, wave power, tidal power and have been designed so that emerging marine renewable energy technologies can also comply in the future.

Increased renewable energy generation capacity and associated climate resilient infrastructure are essential to move to a low carbon economy and is definitely in-line with limiting warming to 2oC the key principle by which we guide all our Sector Criteria.

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Climate Bonds Standard
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However, distinct Criteria for marine renewable energy investments is necessary for the following reasons:

  1. To ensure sufficient transparency and disclosure
  2. To confirm facilities do not rely on substantial fossil fuel back-up
  3. And, to confirm the climate resilience of the assets

To better understand the Criteria in detail, watch this recorded webinar.


To catalyse increased investment, by both private and public organisations, in material marine based climate mitigation, adaptation and resilience interventions.


By developing eligibility criteria for marine-related investments under the Climate Bonds Standard.

These Criteria were developed by a Technical Working Group (TWG) and Industry Working Group (IWG). They recognise the diversity of countries, issuers and verifiers as well as the potential for secondary use of the Climate Bonds Standard by other entities such as Green Climate Fund, Corporate Social Responsibility (CSR) programs and impact investors.







Lead Specialists

Versant Vision
Dr. Christine Negra
Marine TWG Lead Specialist

Tanja Havemann
Marine TWG Lead Specialist

Technical Working Group Members

Marine Stewardship Council (MSC)
Dr. David Agnew
Science & Standards Director

National Oceanic & Atmospheric Administration (NOAA)
Dr. Bill Karp
Scienist Emeritus, US National Marine Fisheries Service

European Investment Bank (EIB)
Nancy Saich
Senior Advisor on Climate Action & Environment

Partnerships in Environmental Management for the Seas of East Asia (PEMSEA)
Ryan Whisnant
‚Äã‚ÄãHead of Professional Services

World Fish / CGIAR
Dr. Michael Phillips
Director, Aquaculture & Genetic Improvement

Enviornmental Defense Fund
Klaas de Vos
Manager, Sustainable Fisheries Finance

Roberta Anderson
Sustainable Agriculture Expert

Dr. Stuart Whitten
Economics & Future Pathways


Louise Heaps
Chief Advisor on Marine Policy

Middlebury Institute of International Studies at Monterey
Dr. Charles S Colgan
Director of Research

Global Climate Adaptation
/ Grupo Laera

Dr. Carmen Lacambra
Ecosystems-based Adaptation Expert

Independent Consultant
Nick Shufro

International Sustainability Unit
Lucy Holmes

Buglass Energy Advisory
Andrew Buglass

Caelulum Ltd / Euro Marine Energy Centre
Max Carcas
Managing Director

Pacific Northwest National Laboratory
Dr. Andrea Copping
Marine Sciences Laboratory


Coastal Risk Consulting, LLC
Dr. Brian Soden
Vice President, Science & Technology

Ocean Assets
Dr. Michael Adams



Industry Working Group Members
  • Yannis Calogeras, Bureau Veritas
  • Simon Currie & Richard Hill, Norton Rose Fulbright
  • Simon Dent, Althelia
  • Joop Hessels, ABN AMRO
  • Paul Holthus, World Ocean Council
  • Raquel Hughes, Tidal Lagoon Power
  • Fabian Huwyler, Credit Suisse
  • Derek Ip, Trucost, part of S&P Dow Jones Indices
  • David Kemp & Richard Sherry, M & G
  • James Donegan, Ocean Renewable Power Company
  • Lars Mac Key, Danske Bank
  • Alexander McPhail, World Bank
  • Chris Milne, Scotrenewables Tidal Power Ltd
  • Peter Raftery, BlackRock
  • Monica Reid, Kestrel Inc
  • Mark Robinson, DNV.GL
  • John Shideler, NSF
  • James Sinfield, Carbon Trust

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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