Concept Note

The UNFC 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 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. It allows a direct comparison of projects that extract primary energy fuels, such as oil, gas, coal, or uranium, or renewable projects.