The Danish Kyoto Registry
The Danish Kyoto 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 CER's.
Further details about the Kyoto Protocol are available on the website of the UN Framework Convention on Climate Change secretariat. In Denmark, the competent authority in relation to the Kyoto Protocol is the Danish Ministry of Energy, Utilities and Climate. Further details are available on the website of the Ministry of Energy, Utilities and Climate.
The Danish Business Authority has set up the Danish Kyoto Registry to keep track of the Danish State’s accounts under the Kyoto Protocol. The Danish Kyoto Registry is linked to other national Kyoto registries where it is possible to trade CER's. 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 (CER's) are created by investing in authorized climate projects approved by the UN. 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.
Accounts in the Danish Kyoto registry
Person holding account
As a general rule, it is possible for any legal or natural person who wishes to create a person holding account in the Danish Kyoto Registry to do so. Further details about fees, documentation, etc., in the Danish EU ETS Registry and the Danish Kyoto Registry are available under Establishing and updating accounts.
Accounts in the Danish Emission Trading Registry may only contain carbon credits (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. Carbon credits may be traded with accounts in national Kyoto registries.