Linking greenhouse gas markets around the world

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Courtesy of ClimateCHECK

Shortly after the publication of the ISO 14064 standards for greenhouse gas (GHG) accounting and verification in March 2006, the climate change sector embraced these policy-neutral tools, developed by 175 experts from around the world between 2002 and 2006. The relevance of ISO 14064 is witnessed by its adoption (with modifications in some cases) or recommendation by leading GHG programs and organizations in both regulated and voluntary markets worldwide.

Since the publication of ISO 14064, the standard has been adopted at a rate of one major GHG initiative every six weeks. The same holds true for ISO 14065, which after its release in April 2007 has become a building block in GHG program design.

The inherent versatility of ISO 14064 and complementarities with leading GHG initiatives, such as the World Resources Institute (WRI) and the World Business Council for Sustainable Development Development (WBCSD) GHG Protocols that were essential design principles of ISO 14064, are now contributing to its widespread use.

Application and experience with ISO 14064 is generally in combination with established guidance, rules and quantification methodologies specified by GHG programs, as well as government and industry GHG guidelines. The following examples present some of the leading organizations and major initiatives that have adopted ISO 14064.

In December 2007, WRI and WBCSD entered a memorandum of understanding (MoU) with ISO for the joint promotion of the ISO 14064 GHG standards (what to do) and WRI/WBCSD GHG Protocols (how to do it). This MoU formalizes the existing cooperation between the GHG Protocol and ISO 14064 established during the development and updating of these protocols and standards.

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