ISO 14064-3:2006(E)
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ISO 2006 – All rights reserved
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Introduction
0.1 Climate change has been identified as one of the greatest challenges facing nations, governments,
business and citizens over future decades. Climate change has implications for both human and natural
systems and could lead to significant changes in resource use, production and economic activity. In response,
international, regional, national, and local initiatives are being developed and implemented to limit greenhouse
gas (GHG) concentrations in the Earth's atmosphere. Such GHG initiatives rely on the quantification,
monitoring, reporting and verification of GHG emissions and/or removals.
ISO 14064-1 details principles and requirements for designing, developing, managing and reporting
organization- or company-level GHG inventories. It includes requirements for determining GHG emission
boundaries, quantifying an organization's GHG emissions and removals and identifying specific company
actions or activities aimed at improving GHG management. It also includes requirements and guidance on
inventory quality management, reporting, internal auditing and the organization's responsibilities in verification
activities.
ISO 14064-2 focuses on GHG projects or project-based activities specifically designed to reduce GHG
emissions or increase GHG removals. It includes principles and requirements for determining project baseline
scenarios and for monitoring, quantifying and reporting project performance relative to the baseline scenario
and provides the basis for GHG projects to be validated and verified.
This part of ISO 14064 details principles and requirements for verifying GHG inventories and validating or
verifying GHG projects. It describes the process for GHG-related validation or verification and specifies
components such as validation or verification planning, assessment procedures and the evaluation of
organization or project GHG assertions. This part of ISO 14064 can be used by organizations or independent
parties to validate or verify GHG assertions.
Figure 1 displays the relationships between the three parts of ISO 14064.
0.2 ISO 14064 is expected to benefit organizations, governments, project proponents and stakeholders
worldwide by providing clarity and consistency for quantifying, monitoring, reporting and validating or verifying
GHG inventories or projects. Specifically, use of ISO 14064 could
— enhance the environmental integrity of GHG quantification,
— enhance the credibility, consistency and transparency of GHG quantification, monitoring and reporting,
including GHG project emission reductions and removal enhancements,
— facilitate the development and implementation of an organization's GHG management strategies and plans;
— facilitate the development and implementation of GHG projects,
— facilitate the ability to track performance and progress in the reduction of GHG emissions and/or increase in
GHG removals, and
— facilitate the crediting and trade of GHG emission reductions or removal enhancements.
Users of ISO 14064 could find benefit from some of the following applications:
a) corporate risk management: for example, the identification and management of risks and opportunities;
b) voluntary initiatives: for example, participation in voluntary GHG registry or reporting initiatives;
c) GHG markets: for example, the buying and selling of GHG allowances or credits;
d) regulatory/government reporting: for example, credit for early action, negotiated agreements or national
reporting programmes.
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