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ISO 14064 International Standard for GHG Emissions Inventories and Verification

ISO 14064 provides transparent, comparable GHG reporting, inventory aids and stakeholder credibility.

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ISO 14064 International Standard for GHG Emissions Inventories and Verification

ISO Standards are voluntary; consensus based; and operate in the private sector.

ISO 14064 protocol quantifies the GHG reduction from a deployment that leads up to the trading of credits. This activity is aimed at motivating a potential user to deploy these solutions to assist in the preservation of the environment, through decreased emissions resulting from decreased fuel consumption.

ISO supports the development of, and publishes international standards or documented international agreements for technical or management issues, including:

  • ISO 9000 (quality)
  • ISO 14000 (environmental management)

Structure of the ISO 14064 GHG Standard

Eight major sections with over 21 subsections discuss GHG inventory issues

Part 1: GHG Inventories – Specifications for the quantification, monitoring and reporting of entity emissions and removals. Establishes principles for conducting entity GHG inventories with relevance, completeness, consistency, accuracy, and transparency

Part 2: GHG Projects – Specifications for the quantification, monitoring and reporting of project emissions and removals

Part 3: Verification – Specifications and guidance for validation, verification and certification. This establishes for the first time a process for conducting a verification of a GHG assertion

It was developed using best practices derived from:

– Financial accounting

– Environmental auditing

ISO 14064 Part 1 is generally consistent and compatible with The GHG Protocol developed by the World Business Council for Sustainable Development (WBCSD) and World Resources Institute (WRI)

The team considered verification experiences from emerging GHG schemes and programs, including the Kyoto Protocol’s Clean Development Mechanism, and United Kingdom’s Emission Trading Scheme

ISO 14064, Part 3: Verification establishes GHG verification principles including independence, ethical conduct, fair presentation, and due professional care

It also defines verification fundamentals

  • level of assurance, objectives, criteria, and scope
  • materiality threshold that identifies when omissions, errors or misstatements are considered significant or insignificant

Benefits organizations using ISO 14064

  • Transparent and comparable GHG reporting
  • Simplification of the GHG inventory and its verification with reduced effort and costs
  • Greater confidence in GHG inventory
  • Improved credibility with stakeholders
This ISO standard provides a consistent technical approach that simplifies verification, facilitates emission trading and decreases transaction costs.

First Environment
Corporate Headquarters
91 Fulton Street
Boonton, New Jersey 07005
Tel: 1.800.486.5869
Fax : 973.334.0928
jtw@firstenvironment.com
www.firstenvironment.com
First Environment has offices in several state, including California

Presented by
Jay Wintergreen
16th Annual International Emissions Inventory Conference
Raleigh, NC
26 April 2007

Complete presentation available at EPA

ORDER the official document from ISO

ISO 14064-2:2006 specifies principles and requirements and provides guidance at the project level for quantification, monitoring and reporting of activities ... ISO 14064 - Part 2

Edited by Carolyn Allen
| ISO | GHG | compliance | standards | global | governance | management |

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