Consolidated text on principles, modalities, rules and guidelines on mechanisms pursuant to Articles 6, 12 and 17 of the Kyoto Protocol
Note by the Chairmen

Part Four: Registries

Submission by Australia, Canada, Iceland, Japan, New Zealand, Norway, Russian Federation, Ukraine, and the United States

1 August, 2000

Note: The paragraphs referred to below correspond to paragraphs in FCCC/SB/2000/4 (July28, 2000).

We suggest that the Registries decision should fall under Article 7.4 "modalities for the accounting of assigned amounts". The Joint Contact Group on Articles 5,7&8 has begun to address registry issues on reporting and review and the SBSTA 12 decision on 5,7&8
indicated that at SB13 Parties could consider "other aspects of modalities of accounting for assigned amounts". For these reasons, we suggest that it would be appropriate for the registries issue to be taken up by the Joint Contact Group on Articles 5,7& 8. We suggest that the negotiating text be removed from the Chair's text on mechanisms and forwarded to the Chair of the Joint Contact Group on Articles 5,7&8.

Line by line comments (on the 7/28/00 Text):

Registry Annex
1. Bracket "paragraph 7" in the definition of 'part of assigned amount (PAA)' in footnote 4 because 3.7 makes the definition too narrow. In our view, 'any part of assigned amount' referred to in Articles 3.10 and 3.11 includes all assigned amount derived under Article 3 (i.e.,3.3, 3.4, 3.7, 3.10, 3.11, 3.12).
2. Under paragraph 15, the Chair's text lists 2 options. In our view, these are not mutually exclusive options; instead they should be 2 distinct paragraphs. Explanation for clarification: the transferring registry assigns a transaction number and sends a record of the transaction to the transaction log; after the acquiring registry accepts the transfer and sends back an acceptance code, the transferring registry stores the transaction information. Under this concept, there will be a duplicate record of all international transfers, as well as issuance and retirement, in the transaction log (but not a duplicate record of all holdings).
3. Para 19(b), add bold text: "A list of assigned amount issued and transferred into the registry."
4. Para 19(d), add bold text: " A list of CERs [issued or] transferred into the registry.
5. Para 19(i), bracket "a list of any changes, and reasons for those changes, to holdings of ERUs, CERs, [AAUs][PAAs]".
6. Bracket para 19(j) and 26(f) on price information.

Appendix
7. We disagree with the note in para 26 regarding multiple transaction numbers. In our view, the database structure can and should be designed so that a single transaction number can be assigned for a transaction involving multiple blocks.