Bioenergy BEST PRACTICE FOR ISSUING GREEN BONDS

This guide outlines the Climate Bonds Standard and Certification Scheme for issuing green bonds in the bioenergy sector, with a specific focus on the Brazilian market. It details the requirements for certification, the process for issuance, and the technical criteria for identifying eligible bioenergy projects and assets.

• The Climate Bonds Standard and Certification Scheme is a voluntary labelling system for debt instruments, investments, and entities designed to align with the Paris Climate Agreement's goal of limiting global warming to 1.5 degrees celsius. As of January 2023, the scheme has been applied to hundreds of instruments totaling USD 260 billion equivalent.
• The certification process for Bioenergy Bonds consists of three main steps: Pre-Issuance (preparing documents, identifying eligible uses of proceeds, and engaging a verifier), Issuance (obtaining the verification report, engaging investors, and listing bonds on platforms like Nasdaq or IADB), and Post-Issuance (submitting a verification report within 12-24 months and providing annual update reports).
• The Bioenergy Criteria employ a feedstock-neutral approach, covering residues, energy crops, and lignocellulosic biomass, but specifically exclude wood (and all woody biomass), third generation biofuels (algae), and Biodegradable Municipal Solid Waste (MSW), including food waste and sewage sludge.
• Eligibility for bioenergy projects is conditional upon mitigation and adaptation & resilience (A&R) requirements. Mitigation requires a life cycle assessment of GHG emissions (using tools such as RenovaCalc in Brazil) and reducing indirect land use (iLUC) risk. A&R requirements include a climate risk assessment, a food safety plan, and a low ranking in the Global Hunger Index (Brazil is noted as having a 5.4 Score).
• FS Bioenergia is identified as the first Certified programmatic issuer for corn ethanol in Brazil. Another case study features FS Agrisolutions Indústria de Biocombustíveis Ltda, which sought verification for projects producing hydrated and anhydrous alcohol from corn, requiring an emission limit of 18.8gCO2e/MJ.

APA

Climate Bonds Initiative (n.d.). Bioenergy BEST PRACTICE FOR ISSUING GREEN BONDS. https://www.climatebonds.net/files/drupal-files/files/Climate%20Bonds%20Bioenergy%20Brochure_24%20March%202023_EN.pdf

Chicago

Climate Bonds Initiative. Bioenergy BEST PRACTICE FOR ISSUING GREEN BONDS. n.d. https://www.climatebonds.net/files/drupal-files/files/Climate%20Bonds%20Bioenergy%20Brochure_24%20March%202023_EN.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Bioenergy BEST PRACTICE FOR ISSUING GREEN BONDS |url=https://www.climatebonds.net/files/drupal-files/files/Climate%20Bonds%20Bioenergy%20Brochure_24%20March%202023_EN.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiativendbioenergy, author = {{Climate Bonds Initiative}}, title = {{Bioenergy BEST PRACTICE FOR ISSUING GREEN BONDS}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/drupal-files/files/Climate%20Bonds%20Bioenergy%20Brochure_24%20March%202023_EN.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }