NACE Macro-Sector: D - Electricity, gas, steam and air conditioning supply
Level 2: D35
Level 3: D35.3
Level 4: D35.3.0
Description:
Production of heating and cooling from Geothermal Energy
Metric and threshold:
Any heat/cool generation technology can be included in the taxonomy if it can be demonstrated, using an ISO 14067 or a GHG Protocol Product Lifecycle Standard-compliant Product Carbon Footprint (PCF) assessment, that the life cycle impacts for producing 1 kWh of heat/cool are below the declining threshold.
Declining threshold: Facilities operating at less than 100g CO2e/kWh, declining to 0g CO2e/kWh by 2050, are eligible
• This threshold will be reduced every 5 years in line with a net-zero CO2e in 2050 trajectory
• Assets and activities must meet the threshold at the point in time when taxonomy approval is sought
• For activities which go beyond 2050, it must be technically feasible to reach net-zero emissions
Cogeneration of Heat and Power is covered under the construction and operation of a facility used for cogeneration of heat/cooling and Power threshold