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NATIONAL REGISTRIES AND THE UK’S ETS REGISTRY

NATIONAL REGISTRIES AND THE UK’S ETS REGISTRY. Charlotte Middleton Global Atmosphere Division UK Department for Environment, Food and Rural Affairs. Outline. Overview of UK ETS Registry Lessons Learnt – National Registries Is it a success?. Overview of UK Emissions Trading Registry.

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NATIONAL REGISTRIES AND THE UK’S ETS REGISTRY

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  1. NATIONAL REGISTRIESAND THE UK’S ETS REGISTRY Charlotte Middleton Global Atmosphere Division UK Department for Environment, Food and Rural Affairs

  2. Outline • Overview of UK ETS Registry • Lessons Learnt – National Registries • Is it a success?

  3. Overview of UK Emissions Trading Registry • UK ETS Registry – not National Registry under Art. 7.4, but may become it • Not a trading platform – transfers v trades • Web-based, interactive and real-time • Firms (Legal Entities) and others and UK Government hold accounts • Two ‘sides’ Regulators and Users

  4. Account Details

  5. Example Allowances

  6. Regulators Regulators can do all of this plus, among other things: • Allocate allowances • Retire allowances • Flag allowances • Suspend/freeze accounts and users • Report on whole system

  7. Lessons Learnt forNational Registries National Registries must not be a barrier to trading. Issues to consider (in no particular order!) include: 1.Getting experts in soon – IT and Business 2. Balancing security and transparency 3. Getting the look and feel right 4. Availability, Reliability and Resilience 5. Usability System and User Support 6. Legal Issues (liability and confidentiality) 7. Intercompatability

  8. How did we do it? • Design phase (January – March 2001) Consultation with ETG Preparing Technical Specification • Development Phase (October 2001 – March 2002) Development Consultation Testing • Delivery Phase (March 2002 – onwards) Going live User documentation/support System Maintenance

  9. Has it been a Success? • Plenty of interest • Users are happy – quiet helpdesk • Plenty of trading • 200 accounts opened - wide range of users

  10. Further information: Registry website: www.defra.gov.uk/etr General information on UK ETS:www.defra.gov.uk/environment/climatechange/trading/index.htm ANY QUESTIONS?

  11. The structure of the scheme Market Non-Target Holders Gateway Absolute Sector Participants Projects Relative Sector Participants Verification Approval Reporting Emissions Trading Authority

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