February 2013 - Which certificates may be generated by climate change mitigation projects after the Doha conference? Which states can they be traded between, and when and how may they be used in the third trading period of the EU Emissions Trading Scheme?
by Konrad Raeschke-Kessler of the German Emissions Trading Authority (DEHSt)
In Doha it was agreed that the CDM would be continued without a break, and a procedure would be developed to accelerate the issuance of ERUs under JI. Rules on the use of CERs and ERUs in the EU Emissions Trading Scheme (EU ETS) promise to be complex in the future:
Project-generated emissions certificates will be exchanged for (aviation) emissions allowances by means of an online process at the request of installation and aviation operators. The Registry Regulation was amended accordingly on 23 January. Within the EU, a process is still needed, however, which allows all operators to exhaust a specific minimum amount of certificates. Once implemented, approximately 1.6 billion certificates will be eligible for use in the EU ETS during the period 2008 to 2020; this means around 450 million certificates for existing installations in Germany.
Restrictions apply for certain CERs and ERUs