GRETAGREENHOUSE GAS REGISTRY FOR EMISSIONS TRADING ARRANGEMENTS

Overview of the UNFCCC registries

Workshop on China’s National administration and approval of CDM

projects20th November 2007

Guohong Hotel, Beijing

GRETA

Kyoto registries and ITL National registries:

Accounts for governments and businesses Electronic databases for

recording holdings of units tracking movements of units

Transactions: Creation, transfer and use of units

The transaction log: Checks transactions when they are proposed Ensures the integrity of transactions before

completion

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International rules Basic registry requirements (COP 7)

Beyond these, Parties free to implement as they wish Basic data exchange standards (COP 8)

More exact technical details The data exchange standards relate to:

Sequence and content of electronic messages Language protocol and messaging format Transaction rules Serial numbers, account numbers and transaction

numbers Security and data quality measures

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ITL twin purposes Provides certainty of delivery under carbon market

trading Occupies central location in network of national registries Supports the secure communications between systems that

coordinate transaction and reconciliation processing Ensures that only Kyoto-valid transactions may be undertaken

Safeguards integrity of Kyoto compliance accounting Checks that transactions conform to Kyoto Protocol rules Tracks international movement of emission allowances

Keeps account of allowance holdings for each Annex B Party Supports comparison of allowance holdings and actual

emissions

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ITL tasks Communications hub connects all registries Checks transactions against

technical standards for data exchange (46 checks defined) policy-related rules (95 checks defined)

Builds up records of holdings and transactions which mirror registries

Regularly reconciles ITL records with registry records Notifies registries of required transactions (eg

cancellation) Feeds EU transactions to the CITL for supplementary

checking

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Current EU ETS

GRETAFuture Kyoto communications

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Interaction processesTransaction log checks against• Reference data • Data format• Holdings data • Validity rules

Results

• Issued units• Units removed

from accounts• Units added

to accounts• Units

carried-over

• Logged data• Inconsistencies

discovered

Issuance of AAUs, RMUs, CERs

Conversion (ERU issuance)

External transfers

Reconciliation of data

Internal transfers (cancellation)

Internal transfers (retirement)

Carry-over

Registry inputs

Transactions• Base data• Unit choice• Account choice

Reconciliation• Holdings data• Entity data

GRETAGREENHOUSE GAS REGISTRY FOR EMISSIONS TRADING ARRANGEMENTS

CDM registry

GRETA

                                               

                                                  

Functions Not a transaction log – a registry Limited range of functions compared to

national registries Issuance Transfers (Internal and External) Cancellation

CDM registry is not used for compliance

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From CDM to a NRCDM

registry

(for Non-Annex I Parties)

Sender/receiver

NationalRegistry (NR)

(of an Annex I Party)

Sender/receiver

Transaction log

Communication via thedata exchange standards

Autochecks

Sender/receiver

Communications hub

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Procedures Issuance

Key Issue: Occurs frequently rather than once per Commitment Period

Linked to CDM administrator software for project data and issuance instructions

ITL will check both data sources before approval

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Procedures (cont’d) Forwarding

Key Issue: Participants are requesting transfer from the pending account

Requires SOP ADMIN to be paid In accordance with registered modalities and

procedures Information on how to apply for a holding

account in the CDM Registry can be found on: http://cdm.unfccc.int/Issuance/IssuanceCERs.html

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CERs Issued(as end of August 2007 Accumulated)

76,068,517

Oct-05

Nov-05

Dec-05

J an-06

Feb-06

Mar-06

Apr-06

May-06

J un-06

J ul-06

Aug-06

Sep-06

Oct-06

Nov-06

Dec-06

J an-07

Feb-07

Mar-07

Apr-07

May-07

J un-07

J ul-07

Aug-07

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Current CDM registry status CDM Registry v2.0 is fully operational and

started real-time operation on the 14 of November 2007

Overall, 844 CDM projects have been registered to-date

256 projects have already had Certified Emission Reduction units (CERs) issued into the CDM registry

On 14 November, Japan received into the national registry its CERs – the first ever transfer of CERs from the CDM registry to a national registry

GRETA

Thank you for your attention!

Joachim Jämttjärn (Mr)Head of GRETA International Registry CooperationEU/UN Emissions Trading Department for Environment Food and Rural Affairs (Defra)Ergon HouseHorseferry RoadLondon SW1P 2AL, UKTel: +44 (0)20 7238 4749 Mob: +44 (0)77 85 35 20 58E: joachim.jamttjarn@defra.gsi.gov.uk