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Book and Claim Framework for the Iron and Steel Sector
The RMI framework establishes rules for the issuance, transfer, and retirement of Book-and-Claim Units (BCUs) for low-emissions iron and steel. It introduces a dual functional-unit system (iron and crude steel) with eligibility thresholds anchored to ResponsibleSteel's Decarbonization Progress Level 3 (DPL3). To prevent fossil lock-in, the framework mandates route-specific criteria, including a 2035/2040 phase-out for BF-BOF eligibility and strict 90% capture rates for CCS/CCUS. It defines rigorous accounting methods—direct and enhanced substitution—to prevent over-claiming and double counting, while prohibiting on-product claims to maintain the incentive for physical green steel procurement.
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Document type: Report
Electrical Utilities Background Paper
The report establishes a framework for certifying electrical utilities and their debt instruments based on their alignment with a 1.5-degree warming scenario. It defines a global emission intensity transition pathway based on IEA Net Zero (NZE) 2023 data, requiring utilities to reduce carbon intensity from 460 gCO2/kWh in 2025 to 0 by 2050. The criteria distinguish between existing capacity, which may be retrofitted with carbon capture or low-carbon co-firing, and new capacity, for which no new fossil fuel investments are eligible. It also sets specific non-combustion emission thresholds for hydropower, geothermal, and bioenergy, and incorporates EU Taxonomy standards for CO2 transport and methane leakages.
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Document type: Report
CLIMATE BONDS STANDARD
The Climate Bonds Standard version 4.0 provides a science-based framework for certifying Use of Proceeds (UoP) debt instruments, physical assets, non-financial legal entities, and sustainability-linked debt (SLD). It establishes rigorous pre- and post-issuance requirements, including mandatory verification by Approved Verifiers, the development of transition plans, and annual public disclosure of allocation and eligibility. The standard introduces a 'Certification Threshold' for entities and SLDs, requiring 90% of economic activities to be compliant. It also mandates 'Climate Safeguards' for parent groups, including commitments to net zero and the prohibition of fossil fuel expansion after January 1, 2023.
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Document type: Guide
Electrical Grids and Storage Criteria
The Electrical Grids and Storage Criteria provide a framework for certifying bonds that finance the construction, upgrade, and operation of electricity transmission, distribution, and storage infrastructure. Eligibility is based on two main components: a mitigation component, which ensures assets contribute to greenhouse gas reduction or support renewable energy integration, and an adaptation and resilience component, which requires issuers to assess and mitigate physical climate risks. The criteria cover a wide range of assets, from high-voltage transmission lines to battery storage facilities, and include specific methodological notes for determining system eligibility based on emission factors or generation capacity. To maintain certification, issuers must provide pre-issuance, post-issuance, and annual reporting to demonstrate ongoing compliance with these standards.
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Document type: Guide
Electrical Grids and Storage Criteria
The Electrical Grids and Storage Criteria provide a framework for certifying bonds that finance the construction, upgrade, and operation of electricity transmission, distribution, and storage infrastructure. To be certified, assets must meet specific mitigation benchmarks—such as supporting renewable energy integration or operating within a decarbonising system—and satisfy a comprehensive adaptation and resilience checklist. The criteria cover a wide range of assets, from high-voltage transmission lines to battery storage facilities, and include detailed methodological notes for determining system eligibility based on grid emission factors or added generation capacity.
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Document type: Guide
Bioenergy Criteria Climate Bonds Standard and Certification Scheme Final Criteria Document
The Bioenergy Criteria provide a framework for certifying use-of-proceeds instruments, physical assets, and bioenergy companies. Certification requires meeting specific life-cycle greenhouse gas (GHG) emission thresholds that decline over time toward a 'close to zero' target by 2050. It also mandates that biomass feedstocks meet sustainability requirements, often verified through pre-accepted certification schemes, and that facilities implement comprehensive adaptation and resilience plans to manage physical climate risks.
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Document type: Report
Forestry Criteria Development of Eligibility Criteria under the Climate Bonds Standard & Certification Scheme
The report establishes a framework for certifying forestry-related bonds, focusing on ensuring that funded projects contribute to a low-carbon and climate-resilient economy. It defines eligible assets—including plantation forestry, sustainable forest management, and conservation/restoration projects—and sets specific requirements for mitigation and adaptation. Key measures include a prohibition on natural landscape conversion since 2010 and the use of a resilience checklist. The framework leverages existing industry standards, specifically FSC and PEFC, as proxies for many management requirements while adding specific climate-risk assessments.
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This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Report