European Emission Trading
System EU-ETS
This page was
generated following the discussions at the MBA in Strategic Carbon Management
in London on 11th/12th November 2011
It has initially been
set up with no commentary but to provide access to many of the numerous
relevant links which have a habit of having URL references changed etc. Copies of relevant documents as they
existed in November 2011 were copied for future reference.
CONTENTS
·
UK – Emission Trading
System:
This
was the World’s first Economy Wide Trading system and ran from 2002 –
2006. Since that time it has been closed
to new participants although existing members can still participate through the
modified Climate Change Agreement. For
a good overview and critique of the UK-ETS – click here.
·
A
brief initial summary of the EU-ETS
·
Return to Main NBS-M017/NBSLM04D WEBPAGE
·
Return to Main UEA Energy Home Page
A very, very brief summary which will be updated in the future
The
European Emission Trading System has moved through three Phases
·
Phase 1 - 2005 to 2007
·
Phase 2 -
2008 – 2012
·
Phase 3 -
2013 – 2020
In
the first two phases each member state of the EU was required to produce a
National Allocation Plan (NAP) for allowances for carbon dioxide
emissions which was consistent with that country’s commitment to Kyoto. These NAPs then had to be approved by the
EU Commission and several had to be modified subsequently. There was a Threshold level above which
any organisation within a member Country had to comply with the requirement to
obtain sufficient emission allowances to cover its operation. These allocations could come from 1) a free
allocation, 2)
an auctioning, 3) trading within the EU-ETS.
Those organisation which have a surplus of
allowances as they became more energy efficient can sell these within EU-ETS
where they can be purchased by organisations who have a shortfall. The
price of allowances on EU-ETS varied significantly in Phase 1 reaching over 32
Euros a tonne in April 2006 before collapsing to 2 Eurocents a tonne at the end
of Phase 1. In Phase 2, the prices have
not been as volatile, but nevertheless have seen a high of around 25 Euros a
tonne just before the recession hit to a low of around 9 Euros a tonne.
·
Approved UK National Allocation Plan (NAP) 2005 –
2007
o
Annexe
A: Essentially giving requirements on Member
States for their NAPs
o
Annexe
B: Methodology used by UK in Calculating Sector
Total
o
Annexe
C: New Entrants to EU-ETS and organisations with
plant that close
o
Annexe
D: Estimated carbon savings from Climate Change
Programmes including Climate Change Agreements and UK-ETS
o
Annexe
E: Updated UK Energy Projections
o
Annexe
F: Allocation Methodology Rules
o
Final Allocations to individual organisations
(EXCEL Spreadsheet)
·
EU Commission approval of National
Allocation Plans for Austria,
Denmark, German, Ireland, The Netherlands, Slovenia, Sweden, and the United Kingdom
·
EU Commission approval of National
Allocation Plans for Belgium,
Estonia, Finland, France, Latvia, Luxembourg, Portugal, and Slovakia
·
Selected
National Allocation Plans
Note: Countries were encouraged to submit NAPS both
in their National Language and in English.
Some did this but many did not.
o
The following are NAPs which are
available in English –
§ Belgium
§ Germany
§ Greece
§ Malta
§ Sweden
For
some Countries NAPs are no longer accessible
·
Allocation
Plans for other Countries in National Languages
- This is an external link
and cannot necessarily ne guaranteed
Phase 2 Documentation
·
Approved UK National Allocation Plan 2008-2012
o
Appendix A: Annexe III of the EU Directive
o
Appendix B: Methodology for Calculating Sector Totals
o
Appendix C: Allocation Methodology Rules
o
Appendix D: New Entrants and Closure of Plants
o
Appendix
D1: Speadsheet to be used for benchmark
assessments for New Entrants
o
Appendix E: EU Spreadsheet
Data to allow comparability checks
o
Appendix F: Amendment for the UK to unilaterally OPT IN
Nitrous Oxide emissions from Nitric Acid Production from April 1st
2011 onwards – see further documentation below
o
Annexe 1: Final Installation Level Allocations
·
EU Commission
Assessment of National Allocation Plans for German, Greece, Ireland, Latvia,
Lithuania, Luxembourg, Malta, Slovakia, Sweden and the United Kingdom – 29th
November 2006
·
The national registries which
record the emissions and compliance
Each EU Member State plus Norway, Iceland and Liechtenstein has a national ETS
registry. These registries are online databases that record:
·
National
plan 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 EU ETS registries also provide access to a number of public information
and reports on the participants and the performance of the trading scheme.
To participate in the EU Emissions Trading System (EU ETS), a company or a
physical person must open an account in one of the registries, by applying
online at the registry website of the relevant Member State.
Note: following
amendments to EU-ETS in 2009, a single unified Registry is being developed
which will come live sometime in 2012 before the start of Phase III.
·
List of National
Registries for EU-ETS – Note this is an External Link
·
National
Allocation Plans for other Countries in National Language together with
Commission’s Decision – Note this is an External Link
·
Nitrous
Oxide Mitigation
EU Member States may Unilaterally
OPT IN to include Nitrous Oxide Emissions from Nitric Acid production into
EU-ETS. This is particularly
significant as Nitrous Oxide has a very high Green House Gas Potential compared
to CO2. The UK is one
Country that has opted-in before it becomes Mandatory and the following
documentation is relevant .
·
Explanatory
Memo about the proposal
·
Consultation on
Proposal for UK to OPT IN Nitrous Oxide Emissions
·
Government Response
to Consultation
·
Amendment
to UK NAP to all UK to OPT IN Nitrous Oxide Emissions from production of Nitric
Acid
·
Further
Amendments to UK NAP associated with OPT IN of Nitrous Oxide
·
Proposed Amendments to the GHG
Emission Regulations
·
The Greenhouse Gas
Emissions Trading Scheme (Nitrous Oxide) Regulations 2011
·
Impact Assessment of OPT IN
for Nitrous Oxide Emissions
·
Final Impact
Assessment of OPT IN for Nitrous Oxide
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