Print

International GHG emission trading registry’s system

International GHG emission trading registry’s system (1. commitment period of Kyoto protocol 2008-2012)

Latvia had ratified the Kyoto Protocol in 30th May 2002 with all the requirements and obligations stated in the document including participation in the International Emission trading system. According to Article 32.7 of the Law “On Pollution” and Article 20 of the Rules of Cabinet of Ministers No. 400 „Siltumnīcefekta gāzu emisijas atļaujas pieteikšanas un izsniegšanas kārtība” Latvian Environment, Geology and Meteorology agency provide society with actual information relating emission allowances trading.

International GHG emission trading (according to Article 17 of the Kyoto Protocol) provide the Member States with possibility to purchase emission allowances from other Member State and use them to fulfill own requirements for emission reduction that are stated in Kyoto Protocol. The allowed emission ceiling for 2008-2012 time period of emission reduction target is stated for Member state and it cannot be trespassed.

Following types of emission allowances are involved in international emission trading:

  • AAU – Assigned Amount Units, are the quantity of units that are assigned to Member States in accordance with the national initial report. The emission units (allowances) are determined, taking into account the amount of GHG emitted in 1990 (the base year);
  • RMU – Removal Units, are allocated to Member States in accordance with the forestry activities that are set under the Kyoto Protocol Articles 3.3 and 3.4;
  • ERU – Emission Reduction Units, are allocated to Member States in accordance with the Joint Implementation Projects that are set under the Article 6 of the Kyoto Protocol;
  • CER – Certified Emission Reduction, is allocated to Member States in accordance with the project activities of the Clean Development Mechanism set under Article 12 of the Kyoto Protocol.

Member states participate in international emission trading system as well as enterprises whose membership is determined by 2. National Allocation Plan for 2008-2012.

Emission trading registry system provides the Member States the possibility to deal with the Kyoto Protocol units (buy / sell).

Two types of registries are created:

  • 37 Member States have set up national registries where allowances allocated to Member states are transferred;
  • IPCC Secretariat in the name of the Clean Development Mechanism Executive Board has created The Clean Development Mechanism registry to make it possible to grant the Clean Development Mechanism credits, and distribute them to the Member States. The accounts in this registry are opened only for the participants of the Clean Development Mechanism projects because emission allowances trading isn’t allowed in this registry. 

Public information: