{"query_echo":{"q":"","filters":{"analysis_type":["criteria setting"]},"warnings":[{"code":"facet_value_not_in_vocabulary","message":"Value 'criteria setting' for facet 'analysis_type' is not in the controlled vocabulary."}]},"total":{"value":1,"relation":"eq"},"page":1,"page_size":20,"self":"https://climateinsightsdirectory.org/api/v1/search?analysis_type=criteria+setting","stability":"beta","ai_marking":{"digital_source_type":{"uri":"http://cv.iptc.org/newscodes/digitalsourcetype/trainedAlgorithmicMedia","name":"Created using Generative AI"},"notice":"Summary and key insights are generated using artificial intelligence."},"results":[{"id":"clibonds-000944","url":"https://climateinsightsdirectory.org/document/clibonds-000944","title":"Electrical Grids and Storage Criteria Development of Eligibility Criteria under the Climate Bonds Standard & Certification Scheme","publisher":{"name":"Climate Bonds Initiative","organization":"climate-bonds-initiative"},"document_type":"report","language":"en","date_published":"2021-05","source_url":"https://www.climatebonds.net/files/drupal-files/files/CBI_Background%20Doc_Grids%20and%20Storage_May%202021_Live.pdf","generator":"Climate Insights Directory","generated_fields":["summary","key_insights","climate_tags","geography_discussed","analysis_type"],"summary":{"text":"The document outlines the development of eligibility criteria for electrical grids and storage to align bond investments with a 1.5°C warming scenario. It details the decision to adopt EU taxonomy criteria for transmission and distribution, the rationale for applying similar constraints to energy storage, and the requirements for climate resilience and adaptation.","ai_generated":true,"unit":"clibonds-000944#summary","date_modified":"2026-10-23"},"key_insights":[{"text":"The Climate Bonds Initiative decided to adopt the EU taxonomy criteria for the transmission and distribution of electricity to determine eligibility for grid investments.","ai_generated":true,"unit":"clibonds-000944#insight-1","date_modified":"2026-10-23"},{"text":"Under the adopted EU taxonomy approach, a system is considered on a trajectory to full decarbonisation if more than 67% of newly connected generation capacity is below 100 gCO2e/kWh over a rolling five-year period, or if the average system grid emissions factor is below 100 gCO2e/kWh over the same period.","ai_generated":true,"unit":"clibonds-000944#insight-2","date_modified":"2026-10-23"},{"text":"The Technical Working Group rejected a methodology based on historic grid factors and linear extrapolation to 2040, finding it too stringent and unable to account for the unpredictable, rapid decline in renewable energy costs.","ai_generated":true,"unit":"clibonds-000944#insight-3","date_modified":"2026-10-23"},{"text":"For electricity storage, the Initiative adopted a more conservative approach than the EU taxonomy by requiring that storage be deployed within a grid that is on a trajectory towards decarbonisation to be eligible.","ai_generated":true,"unit":"clibonds-000944#insight-4","date_modified":"2026-10-23"},{"text":"The document identifies that global investment in electrical grids was approximately $275 billion in 2019, with the US and China accounting for $150 billion of that total.","ai_generated":true,"unit":"clibonds-000944#insight-5","date_modified":"2026-10-23"},{"text":"The IEA Net Zero by 2050 report suggests that annual spending on electrical grids must reach USD 820 billion by 2030 to limit global warming to 1.5°C, representing a nearly 300% increase from 2019 levels.","ai_generated":true,"unit":"clibonds-000944#insight-6","date_modified":"2026-10-23"},{"text":"To achieve certification, bond issuers must demonstrate an understanding of climate risks, implement risk-reduction measures, and provide regular evaluations of the asset's resilience performance.","ai_generated":true,"unit":"clibonds-000944#insight-7","date_modified":"2026-10-23"},{"text":"Pumped hydropower storage and hydrogen storage are explicitly excluded from these specific Grids and Storage criteria; pumped hydro falls under the Hydropower Criteria, while hydrogen will have its own future criteria.","ai_generated":true,"unit":"clibonds-000944#insight-8","date_modified":"2026-10-23"}],"climate_tags":["electrical grid","climate bond","climate resilience","climate change adaptation","decarbonization","energy transition","battery energy storage system","smart grid"],"geography_discussed":["United States","People's Republic of China","Europe","India","United Kingdom","Iceland","Norway","Kenya"],"frame_perspective":[],"analysis_type":["policy development","criteria setting","financial framework"]}]}