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UNFC and Renewable Energy

Estimating and classifying renewable energy resources in a representative, coherent and consistent manner is becoming important for the renewable energy industry and its stakeholders and investors.

Precise definitions and guidelines are essential for investors, regulators,  governments and consumers in assessing the value of resources in a transparent manner, and in determining the outlook for the world’s energy supply.

UNFC will help companies and governments to quantify the renewable energy resources of their projects and assets, and assess the technical,  commercial maturities and uncertainties of these estimates. It will also facilitate comparison of renewable and non-renewable energy resources. UNFC will assist to compare and optimize investments required for transition away from fossil fuels.

UNFC specifications are currently available for renewable energy in general and specifically for geothermal energy. Specifications for bioenergy are under finalization.  Specifications are under development for solar, wind and hydropower.

Several case studies are produced or are in preparation to aid consistent application to all sectors. Detailed guidelines for each renewable energy sector will also be available.

See UNFC Renewable Energy Classification Brochure

Renewable Energy Classification Working Group

Renewable Energy Working Group is active in preparing and maintaining the genric renewable specifications and guidelines. Several Sub-groups are active within this Working Group:

Membership of the Renewable Energy Working Group

Renewable Energy Specifications

The growing interest in renewable energy has highlighted a need to harmonize the way in which renewable energy potential is reported. Investors, regulators, governments and consumers need a common comparison framework for both renewable and non-renewable energy resources to assess energy sustainability scenarios at project, company, country, regional or global levels. The application of UNFC to renewable energy resources could not only improve the view of energy sustainability but also greatly facilitate the economic evaluation of renewable energy projects and the raising of finance.

Renewable Energy Specifications English French Russian

Benefits and Challenges for Governments applying UNFC to Renewable Energy

A joint study was undertaken by the Group of  Experts on Renewable Energy (GERE) and EGRM to explore the potential benefits and challenges for governments applying UNFC to renewable energy projects and resources. The Joint Study examines the benefits of resource classification including the classification of renewable energy projects, related opportunities and risks, highlighting how UNFC can be used to succinctly summarise the environmental, social and economic aspects of projects. The results of the joint study are summarized in the concept note, which was presented to the 8th Session of GERE:

Overview of Benefits and Challenges for Governments applying UNFC  to Renewable Energy Projects and Resources English French Russian