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
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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
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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: [email protected]