United Nations Framework Classification for Fossil Energy and Mineral Reserves and Resources 2009 incorporating Specifications for its Application (ECE ENERGY SERIES No. 42)
(as approved by the ECE Committee on Sustainable Energy at its Twenty Second-Session, November 2013)
***Available in Arabic, English, French, Spanish and Russian - to be issued in Chinese***
This publication contains the text of the United Nations Framework Classification for Fossil Energy and Mineral Reserves and Resources 2009 (UNFC-2009) and the specifications for its application. UNFC-2009 is a universally acceptable and internationally applicable scheme for the classification and reporting of fossil energy and mineral reserves and resources and is currently the only classification in the world to do so. As with extractive activities, UNFC-2009 reflects conditions in the economic and social domain, including markets and government framework conditions, technological and industrial maturity and the ever present uncertainties. It provides a single framework on which to build international energy and mineral studies, analyze government resource management policies, plan industrial processes and allocate capital efficiently.
UNFC-2009 is a generic principle-based system in which quantities are classified on the basis of the three fundamental criteria of economic and social viability (E), field project status and feasibility (F), and geological knowledge (G), using a numerical coding system. Combinations of these criteria create a three dimensional system.
The specifications for its application make UNFC-2009 operational. The specifications set out the basic rules that are considered necessary to ensure an appropriate level of consistency in application. They provide additional instructions on how UNFC-2009 should be applied in specific circumstances.
By covering all extractive activities, UNFC-2009 captures the common principles and provides a tool for consistent reporting for these activities, regardless of the commodity. It is a strong code that paves the way for improved global communications which will aid stability and security of supplies, governed by fewer and more widely understood rules and guidelines. The efficiencies to be gained through the use of UNFC-2009 and its specifications are substantial.