The Climate Bonds Initiative has launched a Hydropower Technical Working Group to develop criteria for climate-friendly hydropower investment. The International Hydropower Association (IHA) will join representatives of various international NGOs, governments and academic institutes on the working group.
The working group will seek to develop criteria to identify hydropower projects that deliver climate mitigation benefits and/or incorporate adaptation and resilience services.
The aim is to create a screening tool for investors and issuers to assess whether bonds linked to hydropower assets can be consistent with the target of limiting warming to a global average of 2°C, as set out in the Paris Agreement.
Richard Taylor, IHA’s chief executive, said: “Climate change can only be managed once we have developed tools for increasing investment in climate-aligned infrastructure.
“Building on existing guidance and protocols, the Climate Bond Standard is a crucial step forward in this process.
“Specific criteria for the screening of climate-compatible hydropower will be essential for bond issuers and investors to move forward with confidence."
Sean Kidney, CEO of the Climate Bonds Initiative, said: “The working group will help ensure the many issues around hydropower are closely examined, relevant science is considered and draft standards draw out specific climate-focused reporting and monitoring requirements for hydropower bonds and fully leverage existing guidance.”
You can find out more about the Hydropower Technical Working Group and who is involved here.
The International Hydropower Association (IHA) has been approved as an accredited observer of the Green Climate Fund.
As an observer, IHA extends its role in providing a voice for hydropower in the international policy arena, and will work with a network of decision-makers on global funding.
The Green Climate Fund, established by 194 governments, is a global platform for investing in low-emission and climate-resilient development. It is accountable to the United Nations, and guided by the provisions of the UN Framework Convention on Climate Change (UNFCCC).
The fund’s observers participate in board meetings and provide strategic advice on the design, development and implementation of the projects and activities to be financed.
By becoming an observer, IHA ensures that the hydropower sector is represented at the table of one of the key international bodies overseeing the distribution and delivery of climate funding.
You can find out more about the Green Climate Fund here: www.greenclimate.fund
The International Hydropower Association (IHA) announces that the 2017 World Hydropower Congress will take place in Addis Ababa on 9–11 May 2017.
Hydropower currently provides 70% of the world’s renewable electricity, supplying more than a billion people across 152 countries. It mitigates climate change by offsetting greenhouse-gas emissions and the use of fossil fuel, equivalent to six billion barrels of oil per year.
With the right policies and design, hydropower’s operational flexibility and energy-storage capability can also support the rapid progress of other renewables. By managing freshwater, hydropower can provide adaptation services by reducing the downstream impacts of flood and drought.
A key message from the multi-stakeholder community is the call for an even stronger emphasis on environmental and social aspects in the planning stages. If this is done with the right level of expertise, strategically planned hydropower can deliver major benefits, both locally and regionally. The challenge is to integrate past experience and new thinking, and then align policies and finance to incentivise the best types of project in the best locations.
With the above in mind, the 2017 World Hydropower Congress will bring together leaders and specialists to set the course for hydropower’s contribution to future energy and water systems. How to do ‘better hydro’ in a changing world will be a central theme.
Building on the outcomes of the 2015 event in Beijing, the 2017 World Hydropower Congress will explore a diversity of perspectives and will examine how initiatives of governments, businesses, finance, civil society and academia can advance sustainable development.
“We are proud to be convening the World Hydropower Congress for the first time in Africa”, says Richard Taylor, CEO of IHA. “Hydropower’s role is a dynamic that calls for an integrated approach, with a strongly connected sector, and a high level of collaboration.
"With the right commitments, better hydro will play an even greater role in delivering modern energy and water services in a climate-constrained world.”
Participants bringing experience from all regions of the world will gather in Addis Ababa on 9–11 May 2017. Organisations wishing to support the 2017 World Hydropower Congress are invited to contact email@example.com for more information.
You can find information and resources from the 2015 World Hydropower Congress, held in Beijing, China in May 2015, here.
The 2016 Hydropower Status Report is now available for download, providing comprehensive insights into new global developments in the sector, statistics on new installed capacity, detailed regional analysis, and more.
You can download the full report here.
Building on statistics published by IHA earlier this year, the report highlights that 33.7 GW of new installed hydropower capacity was commissioned in 2015, including 2.5 GW of pumped storage. At the end of 2015, the world’s total installed hydropower capacity reached 1,212 GW, including 145 GW of pumped storage.
Alongside comprehensive hydropower statistics, the report provides detailed regional analysis and insights into global developments and trends in the sector, including the expected impacts of the new Sustainable Development Goals (SDGs) and the Paris Agreement on climate action. The 2016 edition is expected to be widely cited as the most up-to-date source of statistics on hydropower development worldwide.
“The 2016 Hydropower Status Report reflects a dynamic sector that is evolving to meet the challenges of the energy transition, which has been accelerated further by the recent international commitments" said Richard Taylor, chief executive of IHA.
The full report includes in-depth reviews on key issues in hydropower development and policy, such as financial trends and climate resilience, as well as sustainability topics such as resettlement and indigenous peoples. The report also includes regional overviews and country profiles which cover developments in the sector around the world.
The 2016 Hydropower Status Report is built on data from IHA’s global hydropower database, which has been developed in close collaboration with regulators, ministries and electricity associations, as well as the world’s station owners and operators. This database contains information on over 11,000 of the world’s hydropower stations.
If you would like to request a print copy of the report, please contact the team at IHA central office.
Hidroelectrica, the Romanian state-owned power generation company, is continuing with the sale of small hydropower plants. In order to achieve the company’s strategic objectives, the small hydropower plants sales process is proceeding with a new phase.
Twenty small hydropower plants, grouped in 14 corporate stocks of assets, will be transferred through public auctions either to the private sector or to local communities in Romania. Together, the assets to be sold represent around 17 MW of installed capacity.
You can view details of the auction process and find out how to participate here.