ISO 14064-2 outlines key principles, requirements, and guidance for projects aimed at measuring, monitoring, and reporting activities that reduce greenhouse gas (GHG) emissions or enhance their removal.

Human-induced climate change is recognized as one of the most pressing global challenges, with long-term impacts on businesses, communities, and ecosystems. One of the factors that accelerates the process of climate change is the increase in GHG concentrations in the atmosphere due to human activities in general. Its effects on both natural and human systems could significantly influence resource availability, economic stability, and overall well-being. In response, various initiatives at international, regional, national, and local levels are being implemented by both public and private sectors to lower GHG concentrations in the atmosphere and support climate change adaptation efforts.

What is ISO 14064-2?

ISO 14064-2 is an international standard that provides a framework for quantifying, monitoring, and reporting greenhouse gas (GHG) reductions and removals from GHG mitigation Project. It is designed to help project developer to develop credible and transparent carbon reduction initiatives, ensuring alignment with sustainability goals and regulatory requirements. An emission mitigation project aims to reduce or offset greenhouse gas (GHG) emissions to mitigate their impact on the environment. These project can take various form:

1. Renewable energy
2. Reforestation
3. Fuel swithcing
4. Energy efficientcy
5. Carbon capture storage
6. Methane recovery
7. etc

Importance of implementing ISO 14064-2

ISO 14064-2 also emphasizes transparent and consistent reporting of mitigation efforts. Reports can take various forms, such as project documentation, emission reduction/removal quantification report, or other communications with stakeholders.

Beyond its environmental advantages, ISO 14064-2 offers economic benefits by helping organizations optimize resource use, reduce energy consumption, and enhance operational efficiency. Additionally, it strengthens corporate reputation and brand value by demonstrating a commitment to sustainability.

This standard serves as a valuable framework for organizations aiming to manage the environmental impact of their projects. By developing a GHG inventory, reporting emissions and removals transparently, and undergoing independent third-party verification, organizations can enhance their credibility and showcase their dedication to climate responsibility.

Read also: Contribute isn SDGS Through ISO/UNDP PAS 53002

Key Elements of ISO 14064-2

• Scenario baseline
  • Establish a baseline scenario against which project emissions are compared. This scenario represents what would have happened without the project
• Monitoring and data collection
  • It emphasizes principles like relevance, completeness, accuracy, and transparency of used data
• Project boundaries
  • Clearly define the scope of the project, including the GHG sources and sinks to be considered
• Quantification methodology
  • Use approved methodologies to calculate emissions reductions or removals
• Additionally Assesment
  • Evaluate whether the project’s emissions reductions are additional to what would have occurred naturally or through other initiative
• Non permanently risk
  • Address risks related to reversibility (e.g., carbon sequestration projects) and leakage (e.g., emissions shiftingelsewhere)
• Reporting and verification
  • Prepare a transparent report detailing project performance. Independent verification ensures accuracy

Benefit of implementing ISO 14064-2

ISO 14064-2 can give several benefit such as

• Reliable documentation
  • ISO 14064-2 ensures that your GHG inventory, declarations, and reports are reliable, accurate, andfree from errors, omissions, or inaccuracies
• Baseline validation
  • It validates the baseline scenario established for emissions reductionefforts, providing credibility to your emission reduction initiatives.
• Demonstrated impact
  • By complying with ISO 14064-2, you can demonstrate thesignificance of avoided emissions over time, reinforcing your commitment to sustainability.
• Credibility and transparancy
  • The standard enhances the credibility, consistency, andtransparencyof GHG quantification, monitoring, and reporting, including project-based emission reductions and removals.
• Economic Benefit
  • Beyond environmental gains, ISO 14064-2 can lead to economic benefits such as reduced energy and resource consumption, improved operational efficiency, and enhanced reputation and brand value. Offsetting carbon and monetizing carbon in some program/scheme

How CBQA Global Can Help

As a Validation and Verification Body (VVB) accredited by KAN, CBQA Global is ready to assist your organization in validating project and verifying emission calculations. Emission or GHG absorption calculations that have been verified by a third party can enhance trust among stakeholders and other external parties.

CBQA Global’s strength in quantification validation based on this standard lies in our team of experts with extensive experience in greenhouse gas (GHG) management and ISO 14064-2. Achieving ISO 14064-2 validation strengthens your organization’s commitment to sustainability while unlocking business opportunities in the green economy. Let CBQA Global as your trusted partner making a measurable impact on climate action.

Click to registeration or contact us at 628118468777 to begin your journey towards Quantification validation carbon project.