PDF File - GEC

CERs
Pending account
of the EB
Account(s) for the
management of the
SOP-Admin (1)
abc % of
CERs
2 % of
CERs
Account(s) for the
management of the
SOP-Adaptation (2)
x % of CERs y % of CERs z % of CERs
Account (3) of
project participant A
Account (3) of
project participant B
Account (3) of
Party A
(1) SOP-Admin (SOP-Administration) means the share of proceeds to cover
administrative expenses for the EB. The amount is determined in accordance to the
amount of CERs. (Refer to section 1.5 in details.)
(2) SOP-Adaptation means the share of proceeds to assist in meeting costs of adaptation
(3) It may be a permanent holding account or temporary holding acount. Temporary
accounts for Annex I Parties and project participants from such Parties are created for
the purposes of receiving CERs forwarded to them from the pending account and for
transferring such CERs to accounts in national registries, until national registries for
such Parties and entities would be operational. [EB12, para. 35(b)]
Figure 1-9 Issuance of CERs into the CDM registry
The holdings, transfers and acquisitions of Kyoto units 4 will be tracked and recorded through a
computerized system of registries that consist of the following:
(a) Each Party included in Annex I shall establish and maintain a national registry to ensure the
accurate accounting of the issuance, holding, transfer, acquisition, cancellation and retirement
of Kyoto units. Each Party shall designate an organization as its registry administrator to
maintain the national registry of that Party. Any two or more Parties may voluntarily maintain
their respective national registries in a consolidated system, provided that each national
registry remains distinct. A national registry shall be in the form of a standardized electronic
database which contains, inter alia, common data elements relevant to the issuance, holding,
transfer, acquisition, cancellation and retirement of Kyoto units. The structure and data formats
of national registries shall conform to technical standards to be adopted by the COP/MOP for
the purpose of ensuring the accurate, transparent and efficient exchange of data between
national registries, the CDM registry and the international transaction log (ITL). [CMP/2005/8/
Add.2, Decision 13/CMP.1, Annex, page 28]
(b) The EB shall establish and maintain a CDM registry to ensure the accurate accounting of the
issuance, holding, transfer and acquisition of CERs by Parties not included in Annex I. The EB
shall identify a registry administrator to maintain the registry under its authority. The CDM
registry shall be in the form of a standardized electronic database which contains, inter alia,
common data elements relevant to the issuance, holding, transfer and acquisition of CERs.
The structure and data formats of the CDM registry shall conform to technical standards to
be adopted by the COP/MOP for the purpose of ensuring the accurate, transparent and
efficient exchange of data between national registries, the CDM registry and the international
transaction log. The CDM registry shall make non-confidential information publicly available
and provide a publicly accessible user interface through the Internet that allows interested
persons to query and view it. [CMP/2005/8/Add.1, Decision 3/CMP.1, Annex, Appendix D, page
27-28]
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4 “Kyoto units” is defined here to include AAUs, RMUs, ERUs, CERs, tCERs and lCERs. Note that it is not a formal UNFCCC term and
is used here for the purpose of convenience only.