3rd Interim report September 2011- March 2012.pdf - Renanetwork.org

Interim Report, No 3, 19 September 2011 – 18 March 2012
Delivery of the ETS components within the Activity 2.1 ReCAP events
Within the ReCAP events the second parts addresses ETS legislation and its implementation. The
focus is on the issue that will remain the focal technical challenge for the administrations and the
industry: monitoring, reporting and verification (MRV) of GHG emissions at the installation level.
These systems are a precondition for any cap-and-trade scheme.
The key objective is to provide an overview of how monitoring, reporting and verification can be
organised at the national level and what is required from the installations to comply with the MRV
obligations.
The agenda will include the following items:
• Generic explanation of ETS (cap and trade);
• Monitoring, Reporting, Verification, Accreditation for ETS (post 2012);
• Central role of the monitoring plan in the Compliance with ETS;
• Steps towards Compliance, Verification and the Submission of Emission Reports:
Requirements and formats of emission reports;
• Experience in emission monitoring and reporting from installations of a Member State;
• Aviation inclusion into the ETS.
The agenda’s are currently under development and the facilitators are being contacted by RENA
with assistance from DG Climate Action.
Preparation of a regional workshop on functioning of Registries - 6 July 2012
The preliminary draft agenda for this event is due in May 2012 and the facilitators will be recruited
with the assistance of DG Climate Action.
Next to the full activation of the Union registry, existing national registries will also be operational,
in particular for the allocation of allowances and the completion of compliance activities for
stationary installations.
These registries exist for all the EU Member States plus Norway, Iceland and Liechtenstein. The
agenda will include the following items:
• National plans indicating the allowances assigned to each Member State;
• Accounts (held by a company or a physical person) to which those allowances have been
allocated;
• Transfers of allowances ("transactions") performed by the account holders;
• Annual verified CO2 emissions from installations;
• Annual reconciliation of allowances and verified emissions, where each company must have
surrendered enough allowances to cover all its emissions.
The national registries also provide access to significant information, including a number of reports
on the participants and the performance of the trading scheme.
Human Dynamics Consortium 59