An important percentage of monitor 1 ERUs issued via non-EU Parties to the Kyoto Protocol had been marked as pending/ineligible whilst the Commission labored with 3rd Parties and the UNFCCC’s International Transaction Log to download the whole knowledge relating to ERUs issued prior to 2013. The information has now been supplied for ERUs issued via all 3rd Parties and the status of ERUs issued prior to 2013 will probably be modified from pending/ineligible to eligible within the Union registry right through the downtime on 21 November.
ERUs issued after 2012 via a non-EU Party will have to be qualified based on Article 58 of the Registry Regulation (389/2013) so as to turn out to be eligible. The Commission has gained a number of requests on this regard and is continuing with updating the status of credits as suitable the place whole knowledge is equipped. Queries in regards to the certification of ERUs issued after 2012 will have to be despatched to CLIMA-Credits-Inquiries@ec.europa.eu.
Further main points at the operation described in Article 58(3) of the Registry Regulation, wherein pending or ineligible credits could have to be moved to a KP account, will probably be made to be had in this website online via 20 December 2013.
Exchanges of International Credits for Allowances
The Regulation on international credit entitlements was once followed on 8 November 2013. The European Commission expects that operators, together with plane operators, will probably be in a position to change eligible international credits for allowances from early February 2014. The date for activating the technical capability permitting the exchanges within the Union registry will probably be introduced in this website online via 20 December 2013.
The laws similar to the keeping of international credits on EU ETS accounts have been applied within the Union registry on 18 July. Account holders can now distinguish international credits which might be eligible within the EU ETS from the ones which might be ineligible or require additional steps to determine eligibility (i.e. pending), as international credits in EU ETS and EU KP accounts are marked as both eligible or pending/ineligible.
In the not likely match of any adjustments to the agenda of the Union registry downtime, up to date knowledge will probably be communicated in this website online.