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The 'Electrical Grids and Storage Criteria' document, published by the Climate Bonds Initiative in August 2021, establishes the technical eligibility requirements for grid-related assets and electricity storage projects to receive Climate Bonds Certification. It defines the scope of eligible infrastructure, sets mitigation and adaptation benchmarks, and provides a detailed checklist for assessing climate resilience to ensure investments contribute to a low-carbon and climate-resilient economy.

This guide outlines the eligibility criteria for electrical grids and storage projects to receive Climate Bonds Certification. It defines the scope of eligible assets (transmission, distribution, and storage), establishes mitigation requirements (including automatic eligibility for certain renewable-supporting equipment), and mandates a comprehensive climate adaptation and resilience assessment. It also provides methodologies for calculating grid emission factors and outlines the reporting obligations for bond issuers.