Allowances

OTE, a.s., has been managing the Czech Emission Trading Registry since 2005, firstly on the basis of a mandate from the Ministry of the Environment of the Czech Republic, then on the basis of Act No. 383/2012 Coll., On the Conditions for Greenhouse Gas Emission Trading.

The Registry keeps the accurate accounting of the issue, holding, transfer and cancellation of allowances. Allowances and Kyoto units are held on Party accounts, Operator holding accounts, Aircraft operator holding accounts, Trading Accounts and Person Accounts in National Registry. Pursuant to Act No. 383/2012 Coll., On the Conditions for Greenhouse Gas Emission Trading, as amended, operators of installations holding permits issued by the Ministry of the Environment for emitting greenhouse gases are required to open an account in the Registry. This obligation is valid also to aircraft operators that are holders of an operation licence issued in the Czech Republic or are under the administration of the Czech Republic in accordance with a list of aircraft operators published by the European Commission. Any natural person or legal entity may open a Trading account or a Person account in National Registry, including an installation or aircraft operator that is already an Operator or Aircraft operator account holder.

The European Union Emission Trading Scheme (EU ETS) is governed by Directive No. 2003/87/EC, as amended. Since 2008 the European registries have been integrated into the global registry system under the Kyoto Protocol. Pursuant to the Commission delegated Regulation (EU) 2019/1122, as amended, each Member State is obligated to use the standardised Union Registry that also functions as the registry under the Kyoto Protocol.

 

Web pages of the Registry you can find here.