EU Study
development of
registries
specifications
IETA – Bonn SBSTA
Laurent Segalen
June 2003
Important Notice
This presentation was prepared for the IETA Side Event solely in order to explain the content
and timetable of the study referenced ENV.E.1/ETU/2002/0014 which is being carried out by
CDC IXIS, PwC & Baker & McKenzie for the European Commission and to draw the attention
of the Side Event to certain issues arising from this study.
All views, opinions and statements in this presentation are only those of PwC. No inference
should be drawn that any of the content of this presentation represents in any form or
substance the opinion of the European Commission or of its officers nor that any of the
proposed schemes herein have been or will be approved or validated by the European
Commission or its officers in the context or otherwise of the above-mentioned study.
Whilst every effort has been made by PwC to ensure the proposals and schemes shown in this
presentation are well founded, no responsibility in any form is assumed by PwC for any actions
that any parties may take with respect to any of the proposals and/or statements and content in
this presentation. Each party should take its own precautionary measures and conduct its own
verifications before basing any action or decision in whatever context on any subject contained
in this document.
Prerequisites to functional & technical
specifications
• The EU Directive concerns only legal entities.
• EU registries will be integrated with Kyoto registries so that
each national registry should be able to handle both Kyoto
allowances and credits and EU allowances.
– There will therefore be only one national GHG registry for
each MS.
• Registries may be maintained in a consolidated system (Art 19)
• The ETL will be separate from the national registries and or/
any consolidated system of registries
• Any person may hold allowances (Art 19)
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Registries based on accounting tools
• Kyoto registries can be considered as accounting tools:
• One of the main options we have considered so far in this
study is the use of the double-entry book-keeping accounting
method to account for participants’ positions.
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Functional specifications (1/2)
• The following functional specifications need to be integrated
into the workings of each national registry:
–
–
–
–
–
Creation of EAUs
Initial Allocation
Domestic Transfer
International/Regional Transfer
Freezing of transfers in absence of a satisfactory report
(Art 15)
– Compliance/Retirement
– Cancellation
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Functional specifications (2/2)
5 key macro-processes
• The management of registry accounts
• The issuance, allocation, cancellation, retirement and eventual
banking of allowances
• The transfer of allowances and credits
• The assessment of compliance - reconciliation between
holdings of allowances and credits and verified emissions
• The production of reports
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Key issue 1: proposed interface ETL /
ITL
2005-2008
After 2008
REGISTRY
A
REGISTRY
B
X7
REGISTRY
A
X7
ETL
REGISTRY
B
X7
X7
X7
ETL
ITL
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Key issue 2: proposed numbering of
EUA
Party of
origin
(ISO 3166
standard)
Unit type
1=AAU,
3=ERU,
5=CER
JI or CDM project
identifier
Unique consecutive #.
For non JI or CDM=0000
Vintage
Indicates the
year
FR - 00 – 0 - 00 - 0000 - 000000000001 - 000000001000 - 03 - 097
End block
Issuance
commitment
period
Pre-Kyoto # are
00, period from
2008-2012 will be
01, etc.
LULUCF activity
This field is
relevant to
RMUs, for all
other instruments
= 00
CDC Ixis
Unique number
12 consecutive
number
enables
identification of
instruments by
block (Start)
Baker & McKenzie
EU tag
(ISO 31661 standard)
Shows that an
AAU/ERU/CER has
been converted into
an EU allowance
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Key issue 3: CPR
• Question: Should the CPR apply to all legal entities between
2005 and 2008 or should this be consolidated at the EU level?
• CPR applies only to Parties in the Kyoto Protocol, whereas the
EU trading scheme only applies to legal entities (companies,
etc.).
• Consequence: The CPR will not apply to legal entities before
2008 but will have to be respected by Parties from 2008 on. It
remains to be determined how the CPR will be applied to legal
entities from 2008.
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Key issue 3: CPR
• Question: Should the CPR apply to all legal entities between
2005 and 2008 or should this be consolidated at the EU level?
• CPR applies only to Parties in the Kyoto Protocol, whereas the
EU trading scheme only applies to legal entities (companies,
etc.).
• Consequence: The CPR will not apply to legal entities before
2008 but will have to be respected by Parties from 2008 on. It
remains to be determined how the CPR will be applied to legal
entities from 2008.
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Technical specifications: key elements to
consider
• IT Organization (Project Mgmt, Team, Hosting)
• Technical architecture (incl. web server, application server,
database server, LDAP directory server, “Exchange Module”)
• Communication
standards
Authentification, Confidentiality)
(Exchange
Protocols,
• User Management (Passwd, Security)
• Business Continuity (Availabity, Disaster, Back-up…)
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Next steps
• Functional specifications – draft delivered & discussed
• Technical specifications – draft delivered
• July / September – draft framework completed
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CDC IXIS - Heneage Legge-Bourke
[email protected]
B&M - Anthony Hobley
[email protected]
PwC - Laurent Segalen
[email protected]