1. Options and Recommendations Pre-sessional consultations on registries 2 - 3 June 2002, Bonn, Germany DEVELOPMENT OF A NATIONAL REGISTRY IN BULGARIA Options and Recommendations Valya Peeva Center for Energy Efficiency

2. Introduction OECD / IEA project "Supporting Countries with Economies in Transition in Implementing the Kyoto Protocol” Bulgarian case study on national registries March - November 2001

3. Results Review of international requirements Review of national circumstances which support or are an obstacle to the implementation of a national registry Different options available to build a national registry identified Recommendations on the next steps National capacity building

4. International background understanding The national registry: requirement for the accurate accounting of the assigned amount of the Party requirement for the monitoring, reporting and review of commitments under Art. 7 and 8 eligibility requirement for Kyoto Protocol mechanisms (JI, CDM and IET)

5. National background Bulgarian climate change policy - UNFCCC, Kyoto Protocol, NCs, inventories, NAPCC Bulgarian policy concerning Kyoto mechanisms - AIJ/JI, IET

6. Policy options Option I: The country does not participate in JI and International Emissions Trading Option II: The country is involved in JI and IET but only the Government is allowed to trade Option III: Participation of legal entities in JI and/or Emissions Trading

7. Registry structure in Option I Types of units - assigned amount units (AAUs) and removal units (RMUs) Types of accounts - a holding account, a retirement account and a cancellation account Basic transactions - issuance, cancellation and retirement of AAUs and RMUs, carry-over of AAUs Commitment period reserve (CPR) - holdings of AAUs and/or RMUs

8. Registry structure in Option II Additional types of units - ERUs and CERs Additional accounts - specifically created holding, retirement, and a cancellation accounts to record ERUs and CERs Additional transactions - issuance of ERUs, transfer and acquisition of AAUs, ERUs, (CERs) and RMUs Commitment period reserve (CPR) - holdings of AAUs and/or RMUs, ERUs, CERs Additional information - about Article 6 projects

9. Registry structure in Option III No additional types of units Additional accounts - entity holding accounts Additional transactions - transfers, acquisitions and cancellations by the authorized legal entities Additional information - up-to-date list of the legal entities, authorized to participate in IET

10. Institutional links of the registry National MOEW (Party’s representative) National inventory system National Communications JI unit Entities’ representatives The public International UNFCCC Secretariat Expert review team Other registries The ITL The public

11. Institutional infrastructure Registry administrator A governmental institution ? Or a private entity ?

12. A governmental institution or a private entity ? A governmental institution permanent government control (political and institutional) the government remains responsible for commitments state guarantees for JI Environmental Executive Agency A private entity no formal restrictions good results with inventories and NC existing experience with other registries similar functions Central Depository

13. Recommendations on next steps Policy development Ratification of the Kyoto Protocol Strategy for participation in the mechanisms Government decision about the establishment of a registry

14. Recommendations on next steps Legal changes Amendment of the Environment Protection Act Regulations for the activities, conditions and procedures for keeping and maintaining the registry Coordination with other legal acts - Penalty Code (computerized crimes), legislation on access to environmental information, legislation on confidentiality of information, etc.

15. Recommendations on next steps Institutional building Institution to be assigned as registry administrator Institutional changes - creating special units Institutional links

16. Recommendations on next steps Technical development of the system Feasibility study Definition of system design System implementation

17. Recommendations on next steps Capacity building Define requirements with respect to the number and qualification level of the specialists needed Comprehensive training

18. Recommendations on next steps Financing Procurement of external financing at least as an initial investment - GEF capacity building funds, pre-accession programmes of the European Commission, others Local co-funding - National Environment Protection Fund State budget - maintenance and operation