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Timestamp: 2019-02-20 18:35:25
Document Index: 565361514

Matched Legal Cases: ['art 1', 'art 2', 'art 3', 'art 1', 'art 3', 'art 2']

ISO 14064 International Standard for GHG Emissions Inventories and Verification
ISO 14064 provides transparent, comparable GHG reporting, inventory aids and stakeholder credibility.
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:
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:
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.
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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
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