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class="rtejustify"><strong>The <a 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">Marine Renewable Energy</li> </ol> <a id="main-content"></a> <h1 class="page-header">Marine Renewable Energy</h1> <div class="region region-content"> <section id="block-system-main" class="block block-system clearfix"> <article id="node-17497" 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 class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/Marine_Criteria_graphic.jpg" style="width: 800px; height: 338px;" /></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;"> <p><span style="font-size:14px;"><span style="font-family:trebuchet ms,helvetica,sans-serif;"><strong>Resources:</strong></span></span><br /> 1. <a href="https://www.climatebonds.net/files/files/standards/Marine%20Renewable/Brochure%20MarineRenewableCriteria.pdf">Marine Renewable Energy Brochure</a></p> <p><span style="font-size:14px;"><span style="font-family:trebuchet ms,helvetica,sans-serif;">2. <a href="https://www.climatebonds.net/files/files/standards/Marine%20Renewable/Criteria%20Marine%20Renewables_Criteria_V1_2_Jul2020__Final.pdf">Marine Renewable Energy Criteria</a></span></span></p> <p><span style="font-size:14px;"><span style="font-family:trebuchet ms,helvetica,sans-serif;">3. <a href="https://www.climatebonds.net/files/files/standards/Marine%20Renewable/BPMarine%20Renew_V1_2_Jul2020__Final.pdf">Marine Renewable Energy - background document</a></span></span></p> <p><span style="font-family: "trebuchet ms", helvetica, sans-serif; font-size: 14px;">4. </span><a href="https://www.climatebonds.net/files/files/standards/Marine%20Renewable/Climate%20Bonds%20Marine_Renewable_Criteria%20Scorecard%20Template%281%29.docx" style="font-family: "trebuchet ms", helvetica, sans-serif; font-size: 14px;">Checklist Template for Disclosure and Adaptation / Resilience</a></p> <p> <span style="font-size:14px;"><span style="font-family:trebuchet ms,helvetica,sans-serif;"><a href="https://www.climatebonds.net/climate-bonds-standard-v3">Climate Bonds Standard</a></span></span></p> <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 Marine Renewable Energy 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> <strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 14px; line-height: 20.8px; background-color: rgb(216, 216, 216);">Timeline of development:</strong><br /><span style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 14px; line-height: 20.8px; background-color: rgb(216, 216, 216);"><strong>July 2020: </strong>Criteria updated to include eligible dedicated installation vessels for offshore wind</span></p> <p><strong style="font-family: "trebuchet ms", helvetica, sans-serif; font-size: 14px;">Oct 2017: </strong><span style="font-family: "trebuchet ms", helvetica, sans-serif; font-size: 14px;">Marine Renewable Energy Criteria released for Certification</span></p> <p><span style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 14px; line-height: 20.8px; background-color: rgb(216, 216, 216);"><strong>June 2017: </strong>Marine Renewable Energy Criteria launched for public consultation</span></p> <p><span style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 14px; line-height: 20.8px; background-color: rgb(216, 216, 216);"><strong>May 2017: </strong>Industry Working Group launched</span></p> <p><span style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 14px; line-height: 20.8px; background-color: rgb(216, 216, 216);"><strong>April 2016:</strong> Technical Working Group established</span></p> </div> <p><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><strong style="box-sizing: border-box; font-family: arial, helvetica, sans-serif; font-size: 14px;">Status:</strong> The Marine Renewable Energy Criteria is available for use in certifications. Get in contact with <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> to start the certification process of your Marine Renewable Energy Criteria green bond. </span></span></p> <p><span style="font-size: 10.5pt; font-family: Tahoma, sans-serif;">Financial instruments (bonds and loans) linked to these eligible assets, activities and entities will be aligned with the Paris Agreement and the goal of keeping global temperature rises to no more than </span><span style="text-align: justify; box-sizing: border-box; font-size: 14px; font-family: arial, helvetica, sans-serif;">1.5</span><span style="text-align: justify; box-sizing: border-box; font-size: 14px; 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 </span><span style="font-size: 10.5pt; font-family: Tahoma, sans-serif;">above pre-industrial levels.</span></p> <p><span style="font-family: arial, helvetica, sans-serif; font-size: 14px; color: rgb(0, 0, 255);"><strong>Update July 2020:</strong> </span><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">The Marine Renewable Energy Criteria have been updated to include eligible dedicated installation vessels for offshore wind for Climate Bonds Certification.</span></p> <p> </p> <p><strong><font face="trebuchet ms, helvetica, sans-serif"><span style="font-size: 14px;">THE CRITERIA</span></font></strong></p> <p><span style="font-family: "trebuchet ms", helvetica, sans-serif; text-align: justify;">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.</span></p> <p class="rtejustify" style="line-height: 20.8px;"><span style="font-family: "trebuchet ms", helvetica, sans-serif;">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 2°C – the key principle by which we guide all our </span><a href="https://www.climatebonds.net/standard/sector-criteria" style="font-family: "trebuchet ms", helvetica, sans-serif;">Sector Criteria</a><span style="font-family: "trebuchet ms", helvetica, sans-serif;">.</span></p> <div style="background-color: #0B0B61; width:300px; height200px; float:right; margin-left: 10px; margin-right: 10px; padding-bottom: 8px; padding-left: 8px; padding-right: 8px; padding-top: 8px;"><font face="trebuchet ms, helvetica, sans-serif"><span style="font-size: 14px;"><b><span style="color:#FFFFFF;">Interested in Climate Bonds Certification?</span></b> <p><span style="color:#FFFFFF;">1. Read more about the </span><a href="https://www.climatebonds.net/standard/download"><span style="color:#FFFFFF;">Climate Bonds Standard</span></a><br /><span style="color:#FFFFFF;">2. Email </span><a href="mailto:katie@climatebonds.net">certification@climatebonds.net</a><span style="color:#FFFFFF;"> for more information</span></p></span></font></div> <p><span style="font-family:trebuchet ms,helvetica,sans-serif;">However, distinct Criteria for marine renewable energy investments is necessary for the following reasons:</span></p> <ol><li><span style="font-family:trebuchet ms,helvetica,sans-serif;">To ensure sufficient transparency and disclosure</span></li> <li><span style="font-family:trebuchet ms,helvetica,sans-serif;">To confirm facilities do not rely on substantial fossil fuel back-up</span></li> <li><span style="font-family:trebuchet ms,helvetica,sans-serif;">And, to confirm the climate resilience of the assets</span></li> </ol><p><span style="font-family:trebuchet ms,helvetica,sans-serif;"><img alt="" src="https://www.climatebonds.net/files/images/marine_renewables.png" style="width: 650px; height: 322px;" /></span></p> <p>To better understand the Criteria in detail, watch this recorded webinar.</p> <p> </p> <p> </p> <p><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/vqTtXJM5LeA" width="560"></iframe></p> <p> </p> <p><strong><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">SPONSORS</span></span> </strong> </p> <p> </p> <p> </p> <p class="rtejustify"><img alt="" height="67" 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" width="459" /></p> <p class="rtejustify"> </p> <p class="rtejustify"><span style="font-family:trebuchet ms,helvetica,sans-serif;"><span style="font-size:14px;">These Criteria were developed by a <a href="#TWG members">Technical Working Group (TWG)</a> and <a href="#IWG">Industry Working Group (IWG)</a>. 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. </span></span></p> <p class="rtejustify"><a id="TWG members" name="TWG members"></a></p> <p class="rtejustify"> </p> <p class="rtejustify"><span style="font-size:14px;"><span style="font-family:trebuchet ms,helvetica,sans-serif;"><strong>MARINE TECHNICAL WORKING GROUP</strong></span></span></p> <p><strong>Lead Specialists</strong></p> <table cellpadding="10" style="width:100%" vertical-align="top"><tbody><tr valign="bottom"><td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/Christine-Negra.png" style="width: 100px; height: 100px; float: left;" /></td> <td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/team-havemann.png" style="height: 100px; width: 95px; float: left;" /></td> </tr><tr valign="top"><td vertical-align:="top"> <p><span style="font-size:12px;"><span style="font-family:trebuchet ms,helvetica,sans-serif;"><b>Versant Vision</b><br /> Dr. Christine Negra</span></span><br /><span style="font-size:12px;"><em><span style="font-family:trebuchet ms,helvetica,sans-serif;">Principal</span></em></span><br /><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 20.8px;"><em>Marine TWG Lead Specialist</em></strong></p> </td> <td vertical-align:="top"> <p><span style="font-size:12px;"><span style="font-family:trebuchet ms,helvetica,sans-serif;"><a href="http://www.clarmondial.com/"><strong>Clarmondial</strong></a><br /> Tanja Havemann<br /><em>Founder</em><br /><strong><em>Marine TWG Lead Specialist</em></strong></span></span></p> </td> </tr></tbody></table><p class="rtejustify"><span style="font-size:14px;"><span style="font-family:trebuchet ms,helvetica,sans-serif;"><strong>Technical Working Group Members</strong></span></span></p> <table cellpadding="10" style="width:100%" vertical-align="top"><tbody><tr valign="bottom"><td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/David%20Agnew.png" style="height: 100px; width: 98px;" /></td> <td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/bill%20karp.png" style="width: 98px; height: 100px;" /></td> <td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/Nancy%20Saich%202.png" style="opacity: 0.9; line-height: 20.8px; height: 100px; width: 97px;" /></td> <td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/ryan%20whisnant%20for%20announcement.png" style="opacity: 0.9; width: 97px; height: 100px;" /></td> </tr><tr valign="top"><td> <p><span style="font-size:12px;"><span style="font-family:trebuchet ms,helvetica,sans-serif;"><a href="https://www.msc.org/"><strong>Marine Stewardship Council (MSC)</strong></a><br /> Dr. David Agnew<br /><em>Science & Standards Director</em></span></span></p> </td> <td vertical-align:="top"> <p><span style="font-size:12px;"><span style="font-family:trebuchet ms,helvetica,sans-serif;"><a href="http://www.noaa.gov/"><strong>National Oceanic & Atmospheric Administration (NOAA)</strong></a><br /> Dr. Bill Karp<br /><em>Scienist Emeritus, US National Marine Fisheries Service</em></span></span></p> </td> <td vertical-align:="top"> <p><span style="font-size:12px;"><span style="font-family:trebuchet ms,helvetica,sans-serif;"><a href="http://www.eib.org/"><strong>European Investment Bank (EIB)</strong></a><br /> Nancy Saich<br /><em>Senior Advisor on Climate Action & Environment</em></span></span></p> </td> <td vertical-align:="top"> <p><a href="http://www.pemsea.org/"><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Partnerships in Environmental Management for </strong><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">the Seas of East Asia (</strong><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">PEMSEA</strong><span style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">)</span></a><br /><span style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Ryan Whisnant<br /> </span><span style="line-height: 1.6em; font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px;"></span><em style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Head of Professional Services</em></p> </td> </tr><tr valign="bottom"><td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/mike-philips.png" style="opacity: 0.9; line-height: 20.8px; text-align: center; height: 100px; width: 93px;" /></td> <td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/klaas-de-vos_287x377.png" style="width: 95px; height: 100px;" /></td> <td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/Roberta_Anderson.png" style="opacity: 0.9; line-height: 20.8px; text-align: center; height: 100px; width: 102px;" /></td> <td class="rtecenter"><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 20.8px; text-align: -webkit-center;"><img alt="" src="https://www.climatebonds.net/files/images/no-profile-pic.png" style="height: 100px; width: 96px;" /></strong></td> </tr><tr valign="top"><td> <p><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;"><a href="http://www.worldfishcenter.org/">World Fish</a> / <a href="http://www.cgiar.org/">CGIAR</a></strong><br /><span style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Dr. Michael Phillips</span><br /><em style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Director, Aquaculture & Genetic Improvement</em></p> </td> <td> <p><a href="https://www.edf.org/"><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Environmental Defense Fund</strong></a><br /><span style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Klaas de Vos</span><br /><em style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Manager, Sustainable Fisheries Finance</em></p> </td> <td> <p><a href="http://www.globalgap.org/uk_en/"><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 20.8px;">GlobalGAP</strong></a><br /><font face="trebuchet ms, helvetica, sans-serif"><span style="font-size: 12px; line-height: 19.2px;">Roberta Anderson</span></font><br /><em style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Sustainable Agriculture Expert</em></p> </td> <td> <p><a href="http://www.csiro.au/"><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 20.8px;">CSIRO</strong></a><br /><span style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Dr. Stuart Whitten</span><br /><em style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Economics & Future Pathways</em></p> </td> </tr><tr valign="bottom"><td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/no-profile-pic.png" style="opacity: 0.9; line-height: 20.8px; text-align: center; height: 100px; width: 96px;" /></td> <td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/colgan.png" style="width: 94px; height: 100px;" /></td> <td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/Carmen_Lacambra.png" style="opacity: 0.9; line-height: 20.8px; text-align: center; height: 100px; width: 89px;" /></td> <td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/Nick-Shufro.png" style="opacity: 0.9; line-height: 20.8px; text-align: center; height: 100px; width: 92px;" /></td> </tr><tr valign="top"><td class="rtecenter"> <p class="rteleft"><a href="https://support.wwf.org.uk/?pc=APP004001&ds_medium=cpc&gclid=CPn145bDi8wCFcsp0wodfVkAiw&gclsrc=aw.ds"><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">WWF</strong></a><br /><span style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Louise Heaps</span><br /><em style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Chief Advisor on Marine Policy</em></p> </td> <td class="rtecenter"> <p class="rteleft"><span style="font-size:12px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;"><a href="http://www.oceaneconomics.org/">Middlebury Institute of International Studies at Monterey</a><br /> Dr. Charles S Colgan<br /><em>Director of Research</em></span></span></p> </td> <td class="rtecenter"> <p class="rteleft"><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;"><a href="http://www.climateadaptation.cc/">Global Climate Adaptation<br /> Partnership</a> / <a href="http://grupolaera.com/en/">Grupo Laera</a></strong><br /><span style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Dr. Carmen Lacambra</span><br /><em style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Ecosystems-based Adaptation Expert</em></p> </td> <td> <p><strong><span style="font-size:12px;"><span style="font-family:trebuchet ms,helvetica,sans-serif;">Independent Consultant</span></span></strong><br /><span style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Nick Shufro</span></p> <p> </p> </td> </tr><tr valign="bottom"><td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/no-profile-pic.png" style="opacity: 0.9; line-height: 20.8px; text-align: center; height: 100px; width: 96px;" /></td> <td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/andrew-buglass.png" style="opacity: 0.9; line-height: 20.8px; width: 94px; height: 100px;" /></td> <td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/Max%20Carcas.png" style="height: 100px; width: 96px;" /></td> <td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/Andrea%20Copping.png" style="opacity: 0.9; line-height: 20.8px; text-align: center; height: 100px; width: 96px;" /></td> </tr><tr valign="top"><td class="rtecenter"> <p class="rteleft"><a href="http://www.pcfisu.org/"><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 20.8px;">International Sustainability Unit</strong></a><br /><span style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Lucy Holmes</span></p> </td> <td class="rtecenter"> <p class="rteleft"><a href="http://www.buglassenergyadvisory.com/"><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; text-align: left; line-height: 1.6em;">Buglass Energy Advisory</strong></a><br /><span style="line-height: 1.6em; font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; text-align: left;">Andrew Buglass<br /><em>Founder</em></span></p> </td> <td class="rtecenter"> <p class="rteleft"><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; text-align: left; line-height: 1.6em;"><a href="http://www.caelulum.com/">Caelulum Ltd</a> / </strong><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Euro Marine Energy Centre</strong><br /><span style="line-height: 1.6em; font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; text-align: left;">Max Carcas</span><br /><em style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; text-align: left; line-height: 1.6em;">Managing Director</em></p> </td> <td> <p><a href="http://www.pnnl.gov/" style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 20.8px;"><strong>Pacific Northwest National Laboratory</strong></a><br /><span style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Dr. Andrea Copping</span><br /><em style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Marine Sciences Laboratory</em></p> </td> </tr><tr><td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/Brian%20Soden.png" style="opacity: 0.9; line-height: 20.8px; text-align: center; height: 100px; width: 95px;" /></td> <td class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/Michael%20Adams.png" style="width: 96px; height: 100px;" /></td> <td class="rtecenter"> </td> <td class="rtecenter"> </td> </tr><tr valign="top"><td class="rtecenter"> <p class="rteleft"><a href="http://coastalriskconsulting.com/"><strong style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 20.8px;">Coastal Risk Consulting, LLC</strong></a><br /><span style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Dr. Brian Soden</span><br /><em style="font-family: 'trebuchet ms', helvetica, sans-serif; font-size: 12px; line-height: 1.6em;">Vice President, Science & Technology</em></p> </td> <td class="rtecenter"> <p class="rteleft"><span style="font-size:12px;"><span style="font-family:trebuchet ms,helvetica,sans-serif;"><a href="http://www.oceanassets.org/">Ocean Assets</a><br /> Dr. Michael Adams<br /><em>CEO</em></span></span></p> </td> <td class="rtecenter"> <p class="rteleft"> </p> </td> <td> <p class="rtecenter"> </p> </td> </tr></tbody></table><div class="view-content"> <div class="views-row views-row-3 views-row-odd"><a id="IWG" name="IWG"></a></div> <div class="views-row views-row-4 views-row-even"> <div class="views-field views-field-name"> </div> <div class="views-field views-field-name"><strong><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">Industry Working Group Members</span></span></strong></div> <table cellpadding="10" height="225" vertical-align="top" width="990"><tbody><tr valign="bottom"><td class="rtecenter"> <ul><li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">Yannis Calogeras, Bureau Veritas</span></span></li> <li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">Simon Currie & Richard Hill, Norton Rose Fulbright</span></span></li> <li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">Simon Dent, Althelia</span></span></li> <li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">Joop Hessels, ABN AMRO</span></span></li> <li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">Paul Holthus, World Ocean Council</span></span></li> <li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">Raquel Hughes, Tidal Lagoon Power</span></span></li> <li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">Fabian Huwyler, Credit Suisse</span></span></li> <li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">Derek Ip, Trucost, part of S&P Dow Jones Indices</span></span></li> <li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">David Kemp & Richard Sherry, M & G</span></span></li> </ul></td> <td class="rtecenter"> <ul><li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">James Donegan, Ocean Renewable Power Company</span></span></li> <li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">Lars Mac Key, Danske Bank</span></span></li> <li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">Alexander McPhail, World Bank</span></span></li> <li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">Chris Milne, Scotrenewables Tidal Power Ltd</span></span></li> <li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">Peter Raftery, BlackRock</span></span></li> <li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">Monica Reid, Kestrel Inc</span></span></li> <li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">Mark Robinson, DNV.GL</span></span></li> <li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">John Shideler, NSF</span></span></li> <li class="rteleft"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">James Sinfield, Carbon Trust</span></span></li> </ul></td> </tr></tbody></table><div class="views-field views-field-name"> </div> <div class="views-field views-field-name"> </div> <div class="views-field views-field-name"> </div> <div class="views-field views-field-name"><span style="font-family:trebuchet ms,helvetica,sans-serif;"><span style="font-size:14px;">Each sector-specific eligibility criteria are developed along a set process. This ensures we create robust sceince-backed criteria that are useable in the market:</span></span></div> <div class="views-field views-field-name"> </div> <div class="views-field views-field-name rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/Sector%20Criteria%20process.png" style="width: 800px; height: 166px;" /></div> <div class="views-field views-field-name rtecenter"> </div> <div class="views-field views-field-name"> <p class="rtejustify"><span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;">Eligibility criteria are currently available for <a href="https://www.climatebonds.net/standard/solar">Solar</a>, <a href="https://www.climatebonds.net/standard/wind">Wind</a>, <a href="https://www.climatebonds.net/standard/geothermal">Geothermal</a>, <a href="https://www.climatebonds.net/standard/buildings">Low Carbon Buildings</a>, </span></span><a href="https://www.climatebonds.net/standard/water" style="font-family: "trebuchet ms", helvetica, sans-serif; font-size: 14px; text-align: justify;">Water</a>,<span style="font-size:14px;"><span style="font-family: trebuchet ms,helvetica,sans-serif;"> <a href="https://www.climatebonds.net/standard/transport">Low Carbon Transport</a>, <a href="https://www.climatebonds.net/standard/forestry">Forestry</a> and <a href="https://www.climatebonds.net/standard/waste">Waste Management</a>. Soon to be available are criteria for <a href="https://www.climatebonds.net/standard/bioenergy">Bioenergy</a>, <a href="https://www.climatebonds.net/agriculture">Agriculture</a> and <a href="https://www.climatebonds.net/shipping">Shipping</a>. Work is ongoing on Hydropower..</span></span></p> </div> <div class="views-field views-field-name"> </div> <div class="views-field views-field-name"> <p><span style="font-family: "trebuchet ms", helvetica, sans-serif; font-size: 14px; text-align: justify;">Disclaimer: </span><font face="trebuchet ms, sans-serif">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.</font></p> </div> </div> <div class="views-row views-row-5 views-row-odd"> </div> </div> <p></p> <p><span style="font-size: 10.5pt; font-family: Tahoma, sans-serif;">Financial instruments (bonds and loans) linked to these eligible assets, activities and entities will be aligned with the Paris Agreement and the goal of keeping global temperature rises to no more than </span><span style="text-align: justify; box-sizing: border-box; font-size: 14px; font-family: arial, helvetica, sans-serif;">1.5</span><span style="text-align: justify; box-sizing: border-box; font-size: 14px; 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 </span><span style="font-size: 10.5pt; font-family: Tahoma, sans-serif;">above pre-industrial levels.</span></p> <p> </p> <p></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 menu-name-main-menu parent-mlid-0 menu-level-1"> <ul class="menu nav"><li class="first leaf menu-mlid-218"><a href="/">Home</a></li> <li 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