Production of Electricity from Ocean Energy

NACE Macro-Sector: D - Electricity, gas, steam and air conditioning supply

Level 2: D35

Level 3: D35.1

Level 4: D35.1.1

Construction and operation of electricity generation facilities that produce electricity from Ocean Energy

Climate Change Mitigation

Metric and threshold:

Any electricity 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 electricity are below the declining threshold.

Declining threshold:
Facilities operating at life cycle emissions lower than 100gCO2e/kWh, declining to 0gCO2e/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. 

However, Ocean Energy is currently derogated from performing a PCF or GHG lifecycle assessment, subject to regular review in accordance with the declining threshold. Ocean Energy is currently deemed to be taxonomy eligible, which is subject to regular review. Combined Heat and Power is covered under Construction and operation of a facility used for cogeneration of heat/cooling and Power threshold.

Climate Change Adaptation

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