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GRETA GREENHOUSE GAS REGISTRY FOR EMISSIONS TRADING ARRANGEMENTS Overview of the UNFCCC registries Workshop on China’s National administration and approval.

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Presentation on theme: "GRETA GREENHOUSE GAS REGISTRY FOR EMISSIONS TRADING ARRANGEMENTS Overview of the UNFCCC registries Workshop on China’s National administration and approval."— Presentation transcript:

1 GRETA GREENHOUSE GAS REGISTRY FOR EMISSIONS TRADING ARRANGEMENTS Overview of the UNFCCC registries Workshop on China’s National administration and approval of CDM projects 20 th November 2007 Guohong Hotel, Beijing

2 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

3 GRETA 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

4 GRETA 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

5 GRETA 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

6 GRETA Current EU ETS

7 GRETA Future Kyoto communications

8 GRETA Interaction processes Transaction 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

9 GRETA GREENHOUSE GAS REGISTRY FOR EMISSIONS TRADING ARRANGEMENTS CDM registry

10 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

11 GRETA From CDM to a NR CDM registry (for Non-Annex I Parties) Sender/receiver National Registry (NR) (of an Annex I Party) Sender/receiver Transaction log Communication via the data exchange standards Autochecks Sender/receiver Communications hub

12 GRETA 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

13 GRETA 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:

14 GRETA

15 GRETA CERs Issued (as end of August 2007 Accumulated)

16 GRETA Issuances per Month (until Aug. 2007)

17 GRETA 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

18 GRETA Thank you for your attention! Joachim Jämttjärn (Mr) Head of GRETA International Registry Cooperation EU/UN Emissions Trading Department for Environment Food and Rural Affairs (Defra) Ergon House Horseferry Road London SW1P 2AL, UK Tel: +44 (0) Mob: +44 (0) E:


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