Electrical Grids and Storage Criteria

The document defines the technical and environmental requirements for bonds financing electrical grids and storage to be certified, emphasizing decarbonisation pathways and climate resilience.

• Annual investment in electrical grids must reach USD 820 billion by 2030 to achieve net zero by 2050, though global investment decreased from USD 306 billion in 2016 to USD 248 billion in 2020.
• Eligible use-of-proceeds for certification include capital and operating expenditures for transmission and distribution lines, interconnectors, transformers, advanced metering infrastructure, grid flexibility measures, electricity storage facilities, and dedicated supporting infrastructure.
• Certain assets are automatically eligible for the mitigation component, including equipment that increases the use of renewable electricity, tools for system controllability and observability (such as sensors and communication software), and T&D transformers complying with Tier 2 (2021) EU Regulation eco-design requirements.
• For assets not automatically eligible, certification requires the system to be on a decarbonisation pathway, defined as having an average System grid emissions factor below 100 gCO2e/kWh (PCF basis) over five years, or having more than 67% of newly connected generation capacity below 100 gCO2e/kWh (PCF basis) over five years.
• Certification requires completion of an Adaptation & Resilience Checklist, which involves identifying critical interdependencies, conducting risk assessments for physical climate hazards, mitigating those risks, assessing resilience benefits to ensure no harm to the system, and implementing ongoing monitoring.

APA

Climate Bonds Initiative (2021). Electrical Grids and Storage Criteria. https://www.climatebonds.net/files/drupal-files/files/CBI-Grids_Storage_Criteria-02B.pdf

Chicago

Climate Bonds Initiative. Electrical Grids and Storage Criteria. 2021. https://www.climatebonds.net/files/drupal-files/files/CBI-Grids_Storage_Criteria-02B.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Electrical Grids and Storage Criteria |date=2021 |url=https://www.climatebonds.net/files/drupal-files/files/CBI-Grids_Storage_Criteria-02B.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2021electrical, author = {{Climate Bonds Initiative}}, title = {{Electrical Grids and Storage Criteria}}, institution = {Climate Bonds Initiative}, year = {2021}, url = {https://www.climatebonds.net/files/drupal-files/files/CBI-Grids_Storage_Criteria-02B.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }