35mm NATIONAL REGISTRIES AND THE UK’S ETS REGISTRY Charlotte Middleton Global Atmosphere Division UK Department for Environment, Food and Rural Affairs.

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Presentation transcript:

35mm NATIONAL REGISTRIES AND THE UK’S ETS REGISTRY Charlotte Middleton Global Atmosphere Division UK Department for Environment, Food and Rural Affairs Charlotte Middleton Global Atmosphere Division UK Department for Environment, Food and Rural Affairs

35mm Outline Overview of UK ETS Registry Lessons Learnt – National Registries Is it a success? Overview of UK ETS Registry Lessons Learnt – National Registries Is it a success?

35mm 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 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

35mm

Account Details

35mm Example Allowances

35mm 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 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 Regulators

35mm 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 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 Lessons Learnt for National Registries

35mm 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 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

35mm Plenty of interest Users are happy – quiet helpdesk Plenty of trading 200 accounts opened - wide range of users Plenty of interest Users are happy – quiet helpdesk Plenty of trading 200 accounts opened - wide range of users Has it been a Success?

35mm Further information: Registry website: General information on UK ETS: techange/trading/index.htm techange/trading/index.htm ANY QUESTIONS? Registry website: General information on UK ETS: techange/trading/index.htm techange/trading/index.htm ANY QUESTIONS?

35mm The structure of the scheme Emissions Trading Authority Absolute Sector Participants Verification Reporting Gateway Approval Projects Non-Target Holders Market Relative Sector Participants