The National Registry of Greenhouse Gas Emission Rights is the instrument which ensures the publicity and continual update of the ownership and control of emission rights. This Registry allows an exact count to be made of the issue, ownership, transfer and cancellation of emission rights and the units defined within the scope of the Kyoto Protocol.
The National Registry is attached to the Ministry of Agriculture and Fishing, Food and the Environment through the Spanish Office of Climate Change (OECC) and its management was entrusted to Iberclear by the Council of Ministers held on 19 November 2004, and commenced its activities on 20 June 2005. It operates in accordance with the provisions set forth in the decisions adopted in the United Nations Framework Convention on Climate Change, the Kyoto Protocol, the Regulation of the European Commission relating to a standardised and secured system national registries provided for in said Protocol, as well as in Law 1/2005 of 9 March, governing the greenhouse gas emission allowance trading system and other applicable legislation.
One of the commitments and fundamental objectives in the management of this Registry consists in offering the technical and human resources necessary so that the industrial facilities comply with their annual obligation to deliver allowances to the Country Adiminsitration for the equivalent amount of CO2 emissions released into the atmosphere during the previous year. The close collaboration between the Registry and local governments, as verifiers of these annual CO2 emissions, and the personalised attention provided by the authorised representatives of the installations through the Iberclear Service Desk, have enabled the annual compliance objectives to be met across Spain.
In mid-2012 a migration process took place from each National Registry to a Single European Union Registry, within which Iberclear continues to perform the functions of National Administrator for the Spanish Section, continuing with its close collaboration with the Spanish Office of Climate Change, the Local Governments and the 2,000 users of the Registry as authorised representatives of the 1,100 open accounts, for installations and airline operators as well as the accounts of natural and/or legal persons. This Registry is accessible to account holders on a permanent basis, via the internet via a private restricted access area.