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href="https://www.climatebonds.net/certification">Climate Bonds Standard and Certification Scheme </a>is a labelling scheme for Entities, Assets and Debt Instruments. Rigorous <a href="https://www.climatebonds.net/standard/available">scientific criteria</a> ensure that Certified investments in climate mitigation are consistent with the <span style="text-align: justify; box-sizing: border-box; font-size: 14px; font-family: arial, helvetica, sans-serif;">1.5<span style="box-sizing: border-box; position: relative; font-size: 10.5px; line-height: 0; vertical-align: baseline; top: -0.5em;">o</span>C </span>warming limit in the Paris Agreement. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.</strong></p> </div> </div> </section> </div> </div> <div class="main-container container" id="content"> <header role="banner" id="page-header"> </header>  <div class="row"> <aside class="col-xs-12 col-sm-12 col-md-3" role="complementary"> <div class="region region-sidebar-first well"> <section id="block-menu-block-1" class="block block-menu-block sidebar-menu clearfix"> <div class="menu-block-wrapper menu-block-1 menu-name-main-menu parent-mlid-0 menu-level-2"> <ul class="menu nav"><li class="first expanded menu-mlid-2229"><a href="https://www.climatebonds.net/standard/the-standard" title="">The Standard</a><ul class="menu nav"><li class="first leaf menu-mlid-3663"><a href="/climate-bonds-standard-v42">Climate Bonds Standard V4.2</a></li> <li class="leaf menu-mlid-3624"><a 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href="/standard/governance/board">Climate Bonds Standard Board</a></li> <li class="leaf menu-mlid-1157"><a href="/standard/governance/scientific-framework">Climate Bonds Scientific Framework</a></li> <li class="leaf menu-mlid-1158"><a href="/standard/governance/technical-working-groups" title="Technical Working Groups">Technical Working Groups</a></li> <li class="last leaf menu-mlid-1159"><a href="/standard/governance/industry-working-group" title="Industry Working Group">Industry Working Group</a></li> </ul></li> <li class="last leaf menu-mlid-1181"><a href="/standard/faqs" title="FAQs">FAQs</a></li> </ul></div> </section> </div> </aside>  <section class="col-sm-9"> <ol class="breadcrumb"><li><a href="https://www.climatebonds.net/standard/the-standard" title="">Standard</a></li> <li><a href="/standard/sector-criteria">Sector Criteria</a></li> <li><a href="/standard/available">Sector Criteria Available for Certification</a></li> <li class="active">Geothermal Energy</li> </ol> <a id="main-content"></a> <h1 class="page-header">Geothermal Energy</h1> <div class="region region-content"> <section id="block-system-main" class="block block-system clearfix"> <article id="node-12392" class="node node-page clearfix"> <div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><img alt="" src="https://www.climatebonds.net/files/images/geothermal_open_access_2.jpg" style="opacity: 0.9; line-height: 20.8px; width: 900px; height: 291px;" /></span></span></p> <p class="rtejustify"><strong style="box-sizing: border-box; font-family: arial, helvetica, sans-serif; font-size: 14px;">Status:</strong><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;"> The Geothermal Criteria is available for use in certifications. Get in contact with </span><a data-extlink="" href="mailto:certification@climatebonds.net" style="box-sizing: border-box; color: rgb(52, 103, 164); text-decoration-line: none; font-family: arial, helvetica, sans-serif; font-size: 14px;">certification@climatebonds.net<span class="mailto" style="box-sizing: border-box; background: url("../images/extlink_s.png") -20px center no-repeat; width: 10px; height: 10px; padding-right: 12px;"><span class="element-invisible" style="box-sizing: border-box; clip: rect(1px, 1px, 1px, 1px); overflow: hidden; height: 1px; position: absolute !important; margin: 0px; padding: 0px; width: 1px;">(link sends e-mail)</span></span></a><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;"> to start the certification process of your Geothermal green bond. </span></p> <div style="background-color: #D8D8D8; width:300px; height200px; float:right; margin-left: 10px; margin-right: 10px; padding-bottom: 8px; padding-left: 8px; padding-right: 8px; padding-top: 8px;"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Resources:</strong><br /> 1. </span></span><a href="https://www.climatebonds.net/files/files/standards/Geothermal/Sector%20Criteria%20-%20Geothermal%20%28April%202023%29.pdf" style="font-family: arial, helvetica, sans-serif; font-size: 14px; background-color: rgb(216, 216, 216);">Geothermal Energy Criteria and Background paper</a> <br /> 2. <a href="https://www.climatebonds.net/files/files/standards/Geothermal/geothermal%20criteria%20summarised.pdf" style="background-color: rgb(216, 216, 216); font-family: arial, helvetica, sans-serif; font-size: 14px;">Geothermal energy Criteria brochure</a><br /><a href="https://www.climatebonds.net/climate-bonds-standard-v3" style="font-family: arial, helvetica, sans-serif; font-size: 14px; background-color: rgb(216, 216, 216);">3.Climate Bonds Standard</a><span style="font-family: arial, helvetica, sans-serif; font-size: 14px; background-color: rgb(216, 216, 216);"> </span><br /><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 14px; line-height: 20.8px; background-color: rgb(216, 216, 216);">News:</strong> <p><span style="line-height: 20.8px; background-color: rgb(216, 216, 216);"><strong>Jan 2015:</strong> <a href="#Geothermal TWG">Technical Working Group</a> established</span><br /><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 14px; line-height: 20.8px; background-color: rgb(216, 216, 216);">Oct 2015: </strong><span style="line-height: 20.8px; background-color: rgb(216, 216, 216);">Released for public consultation</span><br /><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 14px; line-height: 20.8px; background-color: rgb(216, 216, 216);">Dec 2015: </strong><span style="line-height: 20.8px; background-color: rgb(216, 216, 216);">Public consultation closes</span><br /><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 14px; line-height: 20.8px; background-color: rgb(216, 216, 216);">Feb 2016: </strong><span style="line-height: 20.8px; background-color: rgb(216, 216, 216);">Available for certification</span></p> <p><strong style="text-align: justify; font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 14px; line-height: 1.6em;">Certifications: </strong></p></span></span><br /> <p><strong>Certifications</strong></p> <p><span style="font-family: arial, helvetica, sans-serif; font-size: 14px; background-color: rgb(216, 216, 216);">To see the whole list of Geothermal Climate Bonds, visit our </span><a href="https://www.climatebonds.net/certification/certified-bonds" style="font-family: arial, helvetica, sans-serif; font-size: 14px; background-color: rgb(216, 216, 216);"> Database of Certified Bonds</a></p> <p> </p></div> <p><span style="box-sizing: border-box; font-size: 14px; font-family: arial, helvetica, sans-serif;">Bonds and loans linked to these eligible assets and projects will be aligned with the Paris Agreement </span><span style="text-align: justify; box-sizing: border-box; font-size: 14px; font-family: arial, helvetica, sans-serif;">1.5</span><span style="box-sizing: border-box; font-size: 14px; text-align: justify; font-family: arial, helvetica, sans-serif;"><span style="box-sizing: border-box; position: relative; font-size: 10.5px; line-height: 0; vertical-align: baseline; top: -0.5em;">o</span>C limit.</span></p> <p class="rtejustify"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="color:#0000FF;"><strong>Eligible assets</strong></span></span></span></p> <p><span style="font-family: arial, helvetica, sans-serif; font-size: 14px; text-align: justify;">1. Geothermal electricity generation facilities with direct emissions of less than 100gCO</span><sub style="font-family: arial, helvetica, sans-serif; text-align: justify;">2</sub><span style="font-family: arial, helvetica, sans-serif; font-size: 14px; text-align: justify;">/kWh</span></p> <p class="rtejustify"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;">2. Geothermal projects with mitigation technologies that will render the non-condensable gas releases to the atmosphere negligible</span></span></p> <p class="rtejustify"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;">3. Geothermal projects that have been reviewed and registered under the Clean Development Mechanism</span></span></p> <p class="rtecenter"> </p> <p><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;">The Criteria was developed by the following Technical Working Group</span></span></p> <p style="box-sizing: border-box; margin: 1em 0px; color: rgb(0, 0, 0); font-family: pt_sansregular; font-size: 15.52px; line-height: normal;"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><strong><span style="box-sizing: border-box;"><span style="box-sizing: border-box;">TECHNICAL WORKING GROUP</span></span></strong></span></span></p> <ul style="box-sizing: border-box; margin: 1em 0px; padding-right: 0px; color: rgb(0, 0, 0); font-family: pt_sansregular; font-size: 15.52px; line-height: normal;"><li class="rtejustify" style="box-sizing: border-box;"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="box-sizing: border-box;"><span style="box-sizing: border-box;"><strong style="box-sizing: border-box;">Akira Tanabe</strong>, Senior E&S Specialist, <a class="ext" href="http://www.ifc.org/wps/wcm/connect/corp_ext_content/ifc_external_corporate_site/home" style="box-sizing: border-box; color: rgb(0, 153, 204); text-decoration: none;" target="_blank">International Finance Corporation (IFC)<span class="ext" style="box-sizing: border-box; width: 10px; height: 10px; padding-right: 12px; background: url("/sites/all/modules/contrib/extlink/extlink_s.png") 2px 50% no-repeat;"><span class="element-invisible" style="box-sizing: border-box; clip: rect(1px 1px 1px 1px); overflow: hidden; height: 1px; position: absolute !important;">(link is external)</span></span></a></span></span></span></span></li> <li class="rtejustify" style="box-sizing: border-box;"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="box-sizing: border-box;"><span style="box-sizing: border-box;"><strong style="box-sizing: border-box;">Magnus Gehringer</strong>, Senior Consultant Geothermal Specialist, <a href="http://www.ifc.org/wps/wcm/connect/corp_ext_content/ifc_external_corporate_site/home">IFC</a></span></span></span></span></li> <li class="rtejustify" style="box-sizing: border-box;"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="box-sizing: border-box;"><span style="box-sizing: border-box;"><strong style="box-sizing: border-box;">Tom Harding-Newman</strong>, Energy Specialist, leading IFC’s geothermal advisory services in Turkey </span></span></span></span></li> <li class="rtejustify" style="box-sizing: border-box;"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="box-sizing: border-box;"><span style="box-sizing: border-box;"><strong style="box-sizing: border-box;">Kevin McCray</strong>, Executive Director, <a href="http://www.ngwa.org/Pages/default.aspx">National Groundwater Association </a><a class="ext" href="http://www.ngwa.org/Pages/default.aspx" style="box-sizing: border-box; color: rgb(0, 153, 204); text-decoration: none;" target="_blank">NGWA<span class="ext" style="box-sizing: border-box; width: 10px; height: 10px; padding-right: 12px; background: url("/sites/all/modules/contrib/extlink/extlink_s.png") 2px 50% no-repeat;"><span class="element-invisible" style="box-sizing: border-box; clip: rect(1px 1px 1px 1px); overflow: hidden; height: 1px; position: absolute !important;">(link is external)</span></span></a></span></span></span></span></li> </ul><p style="box-sizing: border-box; margin: 1em 0px; color: rgb(0, 0, 0); font-family: pt_sansregular; font-size: 15.52px; line-height: normal;"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><strong><span style="box-sizing: border-box;"><span style="box-sizing: border-box;">EXPERT ADVISORY COMMITTEE</span></span></strong></span></span></p> <p class="rtejustify" style="box-sizing: border-box; margin: 1em 0px; color: rgb(0, 0, 0); font-family: pt_sansregular; font-size: 15.52px; line-height: normal;"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="box-sizing: border-box;"><span style="box-sizing: border-box;">Geothermal Expert Advisory Committee - provided input as technical advisors, however they do not formally endorse the criteria that have been developed</span></span></span></span></p> <ul style="box-sizing: border-box; margin: 1em 0px; padding-right: 0px; color: rgb(0, 0, 0); font-family: pt_sansregular; font-size: 15.52px; line-height: normal;"><li style="box-sizing: border-box;"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="box-sizing: border-box;"><span style="box-sizing: border-box;"><strong style="box-sizing: border-box;">Ausilio Bauen</strong>, Director, <a class="ext" href="http://www.e4tech.com/" style="box-sizing: border-box; color: rgb(0, 153, 204); text-decoration: none;" target="_blank">E4tech<span class="ext" style="box-sizing: border-box; width: 10px; height: 10px; padding-right: 12px; background: url("/sites/all/modules/contrib/extlink/extlink_s.png") 2px 50% no-repeat;"><span class="element-invisible" style="box-sizing: border-box; clip: rect(1px 1px 1px 1px); overflow: hidden; height: 1px; position: absolute !important;">(link is external)</span></span></a></span></span></span></span></li> <li style="box-sizing: border-box;"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="box-sizing: border-box;"><span style="box-sizing: border-box;"><strong style="box-sizing: border-box;">Adam Chase</strong>, Co-Director, <a href="http://www.e4tech.com/">E4tech</a></span></span></span></span></li> <li class="rtejustify" style="box-sizing: border-box;"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="box-sizing: border-box;"><span style="box-sizing: border-box;"><strong style="box-sizing: border-box;">Roland Roesch</strong>, Senior Programme Officer, Renewable Energy Markets and Technology Dialogue, <a href="http://www.irena.org/home/index.aspx?PriMenuID=12&mnu=Pri">International Renewable Energy Agency, </a><a class="ext" href="http://www.irena.org/home/index.aspx?PriMenuID=12&mnu=Pri" style="box-sizing: border-box; color: rgb(0, 153, 204); text-decoration: none;" target="_blank">IRENA</a></span></span></span></span></li> </ul><p class="rtejustify" style="box-sizing: border-box;"> </p> <p class="rtejustify" style="box-sizing: border-box;"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: justify;">Disclaimer: </span>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.</span></span></p> <p class="rtejustify"> </p> </div></div></div> </article> </section> </div> </section> </div> </div> </div> <div id="footer"> <footer class="footer"> <div class="row registered-charity"> <div class="col-xs-12 col-sm-6"> Climate Bonds Initiative is a registered charity in England and Wales (no. 1154413) </div> <div class="col-xs-12 col-sm-6 pull-right charity-conditions"> <a href="/sitemap">Site Map</a> | <a href="/privacy">Privacy Policy</a> | <a href="/legal">Terms & Conditions of Use</a> </div> </div> <div class="container"> <div class="row"> <div class="region region-footer"> <section id="block-menu-block-2" class="block block-menu-block superfooter clearfix"> <div class="menu-block-wrapper menu-block-2 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