Introduction of the GRETA software, EU ETS and the ITL.pptVIP

EU ETS Go-Live Go Live is a point in time when the all the EU ETS registries switch from the CITL to the ITL Data migration - CITL to the ITL - as well as work at each of the 25 national registries This is a major activity involving many stakeholders (EU MS, UNFCCC and EU COM) Planned go-live not yet decided Planning is essential and Greta is currently working close with UNFCCC and EU COM * * * GRETA GRETA GRETA GREENHOUSE GAS REGISTRY FOR EMISSIONS TRADING ARRANGEMENTS  Introduction of the GRETA software, EU ETS and the ITL Workshop on CDM Trading Systems – UK/EU – China best practice exchange 19th November 2007 Guohong Hotel, Muxidi, Beijing Agenda The Greta Software and Collaboration Overview of the EU ETS Overview of the ITL and Kyoto The Greta Software and Collaboration Registry SystemsAnnex to Decisions 19/CP.7 National Registry’s Hold Assigned Amount Enable Parties to issue, acquire and transfer all units and to retire or cancel units or carry an surplus over to further periods Transaction Log Required to check application of rules to all processes and units Issuance, External Transfer, Cancellation, Retirement and Carry Over Background UK ETS Registry used as template for developing EU / UN compliant GRETA Registry software Used previous developers from the UK Registry Why do Defra license a Software? Policy objective to facilitate emissions trading throughout EU Economies of scale Benefits of knowledge sharing Potentially more influence at EU UN meetings Our Licensees Bulgaria Cyprus Estonia Finland Hungary Iceland Ireland Italy Latvia Lithuania Malta Netherlands Norway Romania Slovenia Sweden UK Key Functionality Compliant with EC Regulation Account Management Retirement and Surrender Internal and External transfers Cancellation, Replacement and Carry over Reports and compliance tables Compliant with UNFCCC requirements UN functionality developed and in the final step of testing ITL testing complete CITL testing not complete due to tech