89up
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ID: 519465149112-71
Lobbying Activity
Meeting with Thomas Pellerin-Carlin (Member of the European Parliament)
2 Jul 2025 · Cleantech
Response to Greenhouse gas emissions savings methodology for low-carbon fuels
23 Oct 2024
The global economy is orienting itself around a transition to net-zero. We are at a critical juncture where we have a clear direction of travel and end-goal, yet global emissions are still far from where they need to be. At system-level we need to see a simultaneous phase-out of high-emitting activities, such as burning fossil fuels for energy, and ramp-up of low-carbon alternatives such as renewable energy generation. The Climate Bonds Initiative (Climate Bonds) hydrogen production criteria were launched in November 2022 using an emissions intensity approach to define low-carbon hydrogen. These criteria were focused on projects, measures and infrastructure relating to hydrogen production. In December 2023, Climate Bonds expanded the criteria to certify hydrogen delivery projects. Hydrogen delivery projects and infrastructure, from production assets to end-users, are critical parts of the value chain. Due to the low volumetric energy density of hydrogen at ambient conditions, transporting and storing it requires high amounts of energy.Therefore, ensuring a clean delivery pathway is required to keep consistent with a low-carbon production process. Why develop eligibility criteria for hydrogen investments? Hydrogen is experiencing unprecedented momentum as a sustainable fuel and feedstock, offeringa huge opportunity to replace fossil resources and contribute to the decarbonisation of the economy.Hydrogen production requires high amounts of energy. Most of its production today is based on the cheapest alternatives: natural gas steam reforming and coal gasification. These production pathways have a high carbon footprint,hencemaking hydrogen production and delivery more sustainable is essential to contribute to decarbonisation of the economy Standards and certification mechanisms will play an essential role in the hydrogen market evolution. Establishing global criteria will foster a level playing field and offer more confidence to investors. Promoting green investments across the whole hydrogen value chain will be essential to developing the hydrogen market. Key Components of the Hydrogen Criteria The Hydrogen Criteria apply to eligible assets, projects, decarbonisation measures, and entities relating to the production, conditioning, conversion, transportation, and storage of low-carbon hydrogen. It covers activities across the hydrogen value chain, except for end-uses, which are part of each end-use sector criteria (e.g. steel, cement, basic chemicals). The Hydrogen Criteria framework is designed to achieve three key outcomes: Identifying Eligible Assets and Projects:The criteria set the stage for identifying assets and projects related to hydrogen investments that have the potential to be included in Certified Climate Bonds. This essential step ensures that only projects contributing significantly to emissions reduction and sustainability are considered. Deploying Eligibility Criteria:The framework deploys specific eligibility criteria under which assets and projects are assessed for their suitability for inclusion in Certified Climate Bonds. This step ensures that only projects that adhere to the highest environmental and social standards are eligible for certification. Establishing Metrics and Tools for Monitoring:To ensure ongoing compliance, the Hydrogen Criteria also outline the necessary metrics, methodologies, and tools for measuring and monitoring assets' and projects' alignment with the eligibility criteria. This aspect ensures transparency and accountability throughout the investment lifecycle. For further detail please see the Climate Bonds Hydrogen Criteria attached in annex.
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