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DRAFT. UNFC. United Nations Framework Classification for Fossil Energy and Mineral Reserves and Resources Why do we need Resource Classifications?. http://unece.org/energy/se/reserves.html. all our activities in the modern world need energy and minerals.
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DRAFT UNFC United Nations Framework Classification for Fossil Energy and Mineral Reserves and Resources Why do we need Resource Classifications? http://unece.org/energy/se/reserves.html
all our activities in the modern world need energy and minerals Since Man discovered fire and tool-making
But how to classify resources with so many different definitions? Explored Producing Cubic Meter Watt Grade Barrels Tons Abandoned Under Development Prospective Nuclear $/kWh Joule Renewables kilowatt-hours Extractive industry Oil&Gas
Need for resources classification In the modern world we continuously need: • to invest in new projects to extract minerals and energy sources in an efficient way • to secure supply for growing demand and for the long-term • to explore for new technology to curb greenhouse gases and other environmental dangers • but what is the most efficient and cost effective way? • how to compare investment in renewables with other energy sources? • can we provide rare earth minerals for growing demand in new electronic devices for the long term? To compare different sources of energy and minerals we need unified classification schemes
Basics of a classification system To prove that production of minerals or energy resources is feasible three criteria need to be fulfilled: • Geologically well defined with high confidence • Technically feasible to extract • Economic (commercially) feasible The United Nations Framework Classification for Fossil Energy and Mineral Reserves and Resources, commonly called UNFC, is based on these three criteria
UNFC Fundamentals E Socio-economic viability G Geological knowledge Project feasibility F
Different levels of feasibility 114 113 112 124 111 123 122 134 121 133 E1 132 131 214 213 212 224 211 223 222 234 221 233 E2 232 Socio-economic viability 231 314 314 313 312 324 311 323 322 334 321 333 E3 332 344 331 343 F1 342 341 F2 F3 G4 G3 F4 G2 Project feasibility G1 Geological knowledge
Projects moving from one level to the next 114 113 112 124 111 123 122 134 121 133 E1 132 131 214 213 212 224 211 223 222 234 221 233 E2 232 Socio-economic viability 231 Project in early exploration stage 314 314 313 312 324 311 323 322 334 321 333 E3 332 344 331 343 343 F1 342 341 F2 F3 G4 Project feasibility G3 F4 G2 G1 Geological knowledge
Projects moving from one level to the next 114 113 112 124 111 123 122 134 121 133 E1 132 131 Project under development 214 213 212 224 211 223 222 234 221 233 E2 232 Socio-economic viability 231 314 314 313 312 324 311 323 322 334 321 333 E3 332 344 331 343 343 F1 342 341 F2 F3 G4 Project feasibility G3 F4 G2 G1 Geological knowledge
Projects moving from one level to the next 114 113 Resources produced 112 124 111 123 122 134 121 133 E1 132 131 214 213 212 224 211 223 222 234 221 233 E2 232 Socio-economic viability 231 314 314 313 312 324 311 323 322 334 321 333 E3 332 344 331 343 343 F1 342 341 F2 F3 G4 Project feasibility G3 F4 G2 G1 Geological knowledge
But why UNFC? UNFC Local Classification Systems CRISCO Mineral Resources PRMS Petroleum Resources Management System
UNFC Advantages Independent from the type of resource UNFC provides: • A simple system, intuitive to apply in full form • Enhanced granularity compared to other systems • Can either be applied directly or as a harmonizing tool • Numerical and language independent coding system • Ever-increasing overlap between minerals and petroleum sectors makes a common system essential • Harmonized terminology offers key to obtaining a more reliable and consistent estimate of global energy reserves and mineral resources.
Further Information Please visit the United Nations website for more information: http://unece.org/energy/se/reserves.html