The Danish Emission Trading Registry

The Danish Emission Trading Registry was established to keep an account of the Danish State’s climate commitments under the Kyoto Protocol.

Decision 13/CMP.1 under the Kyoto Protocol stipulates that each party to the Kyoto Protocol shall establish a national registry to ensure accurate accounting of the issuance, holding, transfer, acquisition, cancellation and retirement of ERU's, CER's, AAU's and RMU's and the carry-over of ERU's, CER's and AAU's.

 

Further details about the Kyoto Protocol are available on the website of the UN Framework Convention on Climate Change secretariat. In Denmark, the Kyoto Protocol is managed by the Danish Ministry of Energy, Utilities and Climate. Further details are available on the website of the Ministry of Energy, Utilities and Climate.

Denmark has set up the Danish Emission Trading Registry to keep track of the Danish State’s accounts under the Kyoto Protocol. The Danish Emission Trading Registry is linked to other national emission trading registries where it is possible to trade AAU's, RMU's, ERU's and CER's between the various national registries. Further details about the registry system under the Kyoto Protocol are available on the website of the UN Framework Convention on Climate Change secretariat.

Carbon credits (e.g. RMU's, ERU's and CER's) are created by investing in authorized climate projects all over the world. Such projects must be aimed at reducing emissions of greenhouse gases or increasing the absorption of carbon dioxide, and the benefit in terms of carbon emissions is then converted into credits which must be approved by the UN.

Establishing accounts in the registry

As a general rule, it is possible for any legal or natural person who wishes to create a person holding account in the Danish Emission Trading Registry to do so. Further details about fees, documentation, etc., in the EU ETS Registry and the Danish Emission Trading Registry are available under Establishing and updating accounts.

Accounts in the Danish Emission Trading Registry may only contain emission reduction units (ERU's) and certain allowances and carbon credits (AAU's, RMU's, and CER's), i.e. they may not contain general emission allowances (EUA's) or aviation allowances (AEUA's). General emission allowances are valid as units only under the EU Emission Trading System and for this reason can only be held in accounts in the EU ETS Registry. As carbon credits are also valid units within the EU Emission Trading System, they may also be held in accounts in the EU ETS Registry, from where they may be traded with accounts in both the EU ETS Registry and accounts in national emission trading registries. This renders the need to have accounts in both registries insignificant.

All EU member states’ national emission trading registries are technically operated as part of the EU ETS Registry, even though the Danish Emission Trading Registry is legally separate from the EU ETS Registry. Thus, account holders with accounts in the EU ETS Registry and the Danish Emission Trading Registry have access to their accounts in both registries using the same login.

Annual reports to the UN

The Danish State must submit a report to the UN each year. Reports from previous years can be viewed here: