Access to the Union registry will probably be suspended on Tuesday 7 January 2014 between 08:00 CET and 10:00 CET to adopt a minor improve.
Access to the Union registry can also be suspended from Wednesday 29 January 08:00 CET to Thursday 30 January 2014 08:00 CET to deploy the capability that may permit airplane and desk bound operators to interchange eligible global credit for allowances. In addition and following the replace of the standing of ERUs issued sooner than 2013 by way of 3rd international locations to eligible, the label used to mark global credit which can’t be used or held in the EU ETS will probably be modified from “pending/ineligible” to “ineligible” in the Union Registry. Meanwhile the application procedure for certification that monitor 1 ERUs issued after 2012 constitute pre-2013 discounts stays operational.
Timing for global credit score exchanges
The trade of global credit will probably be conceivable when the global credit score entitlement tables were uploaded in the Union registry. The time limit for Member States to inform their tables in accordance with the Regulation on international credit entitlements was once 11 December 2013. The Commission is these days assessing the notifications gained up to now. Some notifications are nonetheless awaited. On this foundation, the Commission expects that airplane and desk bound operators will have the ability to trade eligible global credit for allowances from early March 2014. The Commission will supply data in this site on followed choices approving the nationwide global credit entitlement tables. Following approval tables will probably be revealed by way of Member States and even be made to be had at the EUTL public site.
Ineligible credit to be moved out of ETS accounts
In accordance with Article 58(3) of the Registry Regulation, National directors will now request customers of the Union registry keeping global credit marked ineligible, which can’t be held in EU ETS accounts, to specify an account in a Kyoto Protocol registry (KP account) to which those credit will probably be transferred. In absence of a answer inside of 40 running days, nationwide directors will switch the ineligible credit to a countrywide KP account.
Transactions till the end of the year
The Secretariat of the United Nations Framework Convention on Climate Change (UNFCCC) has introduced the closure of the International Transaction Log (ITL) from Monday 30 December 2013 16:00 GMT till Wednesday 1 January 2014 08:00 GMT.
When making plans transactions sooner than the end of the year, registry customers will have to additionally remember nationwide vacations, which fluctuate throughout Member States, when transactions also are not on time, in addition to the standard 26-hour extend for transactions in the Union registry.
In the not going tournament of any adjustments to the agenda of the Union registry downtime, up to date data will probably be communicated in this site.