1. Standards Development for Climate Change  Consensus reached between UNFCCC & ISO that internationally accepted standards will be promoted globally  Include processes for inventories, 3 rd party verification, competency, etc. to ensure accurate emission reductions (i.e., carbon offsets, green climate bonds, and renewable energy) International Development Bank May 2016 1 Source: The Lab Book (2016), http://www.climate-lab-book.ac.uk/author/ed /  Establish best management practices for climate adaptation planning  Create common guide for jurisdictions worldwide to meet country commitments

2. 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) 2 International Development Bank May 2016

3. 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 3 International Development Bank May 2016

4. 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 International Development Bank May 2016 4 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

5. ISO/UNFCCC → Civil Society International Development Bank May 2016 5 ISO TMB Climate Change Coordinating Committee Mitigation Standards Organization GHG Inventory Q&R GHG Project Q&R Product CFP Quantification V&V of GHG Assertions Competency And Accreditation Guide 82 for ISO Standards Developers on Sustainability Adaptation Standards High-level Framework Standard Pre-planning (vulnerability, data) Context-specific Planning Context-specific Implementation Monitoring and Evaluation (M&E) Competency and Accreditation ISO High Level Climate Change Strategy Technical Committees Sector Standards TC207 Environmental Management Strategy, Engagement, Communications Group ISO 14080 Framework Standard Combined Mitigation and Adaptation Standards (e.g. Project, Management ) ISO Standards Development Organizations Climate Change Industry Standards Developers Standards Users (e.g. Organization) Stakeholder Community TC207 SC7 Mitigation and Adaptation Standards

6. 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 6 International Development Bank May 2016 ISO Standard Technical Area Environmental Finance ISO 14063 Communicating of environmental attributes Environmental Assertions to Investors ISO 14064 measurement, verification, & reporting (environmental attributes) Verification of Environmental Financial Instruments (Carbon Offsets, Green Bonds, etc.) ISO 14065 Environmental attributes verification accreditation (currently GHGs) International accreditation of Environmental Verification Bodies ISO 14066 Competency requirements for verifiers Required technical competencies for environmental verifiers ISO 17065 Environmental attribute certification International accreditation of environmental certification programs