The United Nations Economic Commission for Europe (UNECE) Committee on Sustainable Energy recently approved a global standard for reporting geothermal resources.
According to the International Geothermal Association (IGA), UNECE approved the Specifications for Application of the United Nations Framework for Fossil Energy and Mineral Reserves and Resources 2009 (UNFC) to Geothermal Energy Resources.
“In a manner consistent with the aim of the IGA, and led by Professor Gioia Falcone, the UNFC Geothermal Working Group of the IGA Resources and Reserves Committee has now produced a set of specifications for classifying, comparing and reporting estimates of geothermal potential, resources and reserves,” IGA President Juliet Newson said in an Oct. 5 statement. “The specifications will now be maintained through regular review, through a transparent governance structure, and process, that allows input from all stakeholders.”
The IGA said that having an international system and a standardized terminology for reporting geothermal resources will build trust and understanding of the geothermal industry with investors, regulators and the general public. The work to develop the UNFC geothermal specifications was carried out under UNECE’s Memorandum of Understanding with the IGA.
Scott Foster, director of the sustainable energy division of UNECE, noted during the UNECE’s 25th session on Sept. 30: “The 2030 Agenda for Sustainable Development has just celebrated its first anniversary. Application of UNFC to renewable energy resources is a priority for our member states, and inclusion of geothermal energy in UNFC will help to attain Sustainable Development Goal #7 by improving the positioning of geothermal within the policy and investment communities.”
Lead image credit: Hansueli Krapf | Wikimedia