The United Nations Framework Classification for Resources (UNFC) provides countries, companies, financial institutions and other stakeholders a futuristic tool for sustainable development of energy and mineral resource endowments. UNFC applies to energy resources including oil and gas; renewable energy; nuclear energy; minerals; injection projects for the geological storage of CO2; groundwater; and the anthropogenic resources such as secondary resources recycled from residues and wastes.
The emerging challenges in these sectors are the sustainable, environmental-friendly, carbon neutral and efficient development, production of energy and raw materials required for a growing population. Innovations in production, consumption and transportation are fundamentally challenging how energy and material sectors function today. As a unique tool for harmonizing policy framework, government oversight, industry business process and efficient capital allocation, UNFC is capable managing the natural resources required for the present and future needs of the society and realizing the objectives on Sustainable Development Goals (SDGs).
UNFC, in its core principles, encompasses the holistic management of all socio-economical, technological and uncertainty aspects of energy and mineral projects. The project maturity and resource progression model of UNFC can de-risk projects from costly failures and thus protect the investments. UNFC fully integrates social and environmental considerations and technology readiness required to bring clean and affordable energy resource projects into the market.
UNFC aims to provide clear and consistent specifications, guidelines and best practices for all energy and mineral sectors, which are of particular importance for the management of expanding demand of bioenergy, geothermal energy, solar energy, wind energy and hydropower resources.
To help the application of UNFC uniformly worldwide, guidelines on requirements for competency of the personnel are included in the system. UNFC provides case studies and implementation examples, not only to improve the consistencies in the usage but also to enhance the system through innovative applications.