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Standards Development for Climate Change Consensus reached between UNFCCC & ISO that internationally accepted standards will be promoted globally Include processes for inventories, 3rd party verification, competency, etc. to ensure accurate emission reductions (i.e., carbon offsets, green climate bonds, and renewable energy) Establish best management practices for climate adaptation planning Create common guide for jurisdictions worldwide to meet country commitments Source: The Lab Book (2016), http://www.climate-lab-book.ac.uk/author/ed/ International Development Bank May 2016 1 CCCC Mandate 1. Review existing standards and guidance related to climate change Mitigation – reducing greenhouse gas emissions Adaptation – adjusting to the effects of global climate change 2. Review and assess needs and identify gaps for climate change standards and guidance 3. Develop proposals for further studies 4. Collaborate with key international organizations on climate change (i.e., UNFCCC) International Development Bank May 2016 2 Next Steps for 2016 Collaborate with UNFCCC to advance common goals in meeting future climate change challenges Work closely with ISO to advance and harmonize standards development related to adaptation and mitigation, consistent with ISO’s strategic plan Prioritize internal coordination between ISO committees on standards relating to climate change Increase acceptance and utilization of ISO climate change standards globally Support communication between ISO/CS and the UNFCCC Secretariat, as well as other international standards setting bodies Complete review of outcomes of Paris COP 21 and resulting International Negotiations with UNFCCC Secretariat and produce strategic plan to guide ISO toward incorporation of the political landscape in future standards product; Develop new guide that addresses aspects of climate change in all ISO Standards. Guide should complement Guide 82 and CEN Guide 64 International Development Bank May 2016 3 From COP21 Mitigation • Based on Nationally Determined Contributions • With legal commitment to submit Nationally Determined Contributions every five years • Public registry of Nationally Determined Contributions • Principle of progressive increase in levels of ambition Adaptation • Global challenge of adaptation linked to mitigation ambition levels • Recognition of adaptation as a global contribution • “Should” strengthen adaptation cooperation • National adaptation plans and communicate these internationally • Public registry for adaptation contributions • Report internationally Finance • Developed countries “shall” provide finance for mitigation and adaptation • All sources • Biennial communication of finance contributions International Development Bank May 2016 4 ISO/UNFCCC → Civil Society ISO ISO TMB Climate Change Coordinating Committee Standards Development Organizations Climate Change Industry Standards Developers Standards Users (e.g. Organization) Stakeholder Community ISO High Level Climate Change Strategy Technical Committees Sector Standards TC207 Environmental Management Guide 82 for ISO Standards Developers on Sustainability TC207 SC7 Mitigation and Adaptation Standards Strategy, Engagement, Communications Group Mitigation Standards Adaptation Standards Organization GHG Inventory Q&R GHG Project Q&R Product CFP Quantification V&V of GHG Assertions Competency And Accreditation High-level Framework Standard Pre-planning (vulnerability, data) Context-specific Planning Context-specific Implementation Monitoring and Evaluation (M&E) Competency and Accreditation Combined Mitigation and Adaptation Standards (e.g. Project, Management) ISO 14080 Framework Standard International Development Bank May 2016 5 Green/Climate Bonds Investors willing to fund green projects to support international efforts Emergence of Green Bond Principles and Climate Bonds Standard in 2015 – Private sector realizing opportunities – New mechanisms to expand on funds Green bond market growing quickly For first time, investors have project eligibility and technical specifications defining certified Climate Bonds ISO Technical Area Standard Environmental Finance Communicating Environmental ISO 14063 of environmental Assertions to Investors attributes measurement, verification, & ISO 14064 reporting (environmental attributes) Verification of Environmental Financial Instruments (Carbon Offsets, Green Bonds, etc.) Environmental attributes ISO 14065 verification accreditation (currently GHGs) International accreditation of Environmental Verification Bodies Competency Required technical ISO 14066 requirements for competencies for verifiers environmental verifiers Environmental ISO 17065 attribute certification International Development Bank May 2016 International accreditation of environmental certification programs 6