The Emissions Trading Scheme covers plants active in the energy sector and in production and processing ferrous metals, the minerals industry and in manufacture of cardboard and paper.
The Danish Emission Trading Registry registers who owns each allowance/credit in an account in the Danish Registry, and registers transactions of allowances in and out of accounts in the Danish Registry. The Danish Emission Trading Registry does not know nor register the price of allowances traded and has no connection with monetary transactions.
The primary purpose of the Danish Emission Trading Registry is in four parts; it is an important part of the government’s Kyoto commitments to the UN, it must ensure that the companies under the EU Emissions Trading Scheme receive the number of allowances to which they are entitled, it keeps account of whether the companies under the EU Emissions Trading Scheme are complying with reduction commitments, and finally it ensures that trading in allowances and credits runs securely and smoothly.
The Danish Emission Trading Registry is linked electronically to all the other emission registries within the EU and UN emissions trading systems, so there is free trade between accounts in the various registries within the limits imposed by the individual country for trading to and from its registry.