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Businesses trade more than double the 2005 volume of emissions certificates
Positive development at the German Emissions Trading Registry
Year of issue
Date 28/12/2006
Date 28/12/2006
Some 210 million emissions certificates were traded through the German Emissions Trading Registry in 2006, an amount more than twice that of the previous year (a mere 90 million). The number and volume of transactions increased noticeably at the end of 2006 due to a great number of forward transactions. The total number of transactions in 2006 amounted to roughly 3,121. “This is proof of how intensively businesses are making use of this new climate protection instrument in the second year after its introduction,” said Dr. Thomas Holzmann, Vice President of the Federal Environment Agency (UBA). Every second emissions certificate allotted for 2006 passed through the German Emission Allowance Trading Authority (DEHSt) at UBA.
Since the German registry was launched in March 2005 some 4,000 transactions have taken place in which a total of more than 300 million emissions certificates were banked with the DEHSt registry. However, the actual trade volume can not be interpreted from this figure since not every private trade transaction is reflected in the registry.
The Emissions Trading Registry of DEHSt at UBA is comparable to an online banking system. It shows how many emissions allowances each of the facilities in the energy sector and emissions-intensive industries participating in emissions trading must have to participate in trade. An account is required in part in order to be able to do accounting of emissions allowances. Operating an account entails a one-time fee of 200 euros for the entire 2005-2007 and covers all administrative and service charges. The nearly 1,150 operators each hold an account with DEHSt for roughly 1,850 facilities that participate in emissions trading in Germany.
“More than half of all the transactions, that is some 130 million emissions certificates, either went or came from other European countries,” explained Dr. Hans-Jürgen Nantke, Director of DEHSt at UBA. That figure was only 40 million in 2005. These transactions were coordinated electronically by a central European registry in Brussels. The so-called Community Independent Transaction Log (CITL) links all of the European national emissions trading registries. All national and European transactions transpired safely and without incident.