• Canada Acts to Establish National Registry for Emissions Credits After UN Review
  • June 16, 2008 | Authors: Patricia A. Koval; Dennis E. Mahony; Michael T. Pickersgill
  • Law Firm: Torys LLP - Toronto Office
  • On May 2, 2oo8, the Enforcement Branch of the Kyoto Protocol's Compliance Committee decided to proceed with an investigation of Canada's failure to establish in a timely way a national registry for Kyoto-recognized emissions credits, a condition for Canada's participation in the flexibility mechanisms of the Protocol (i.e., the Clean Development Mechanism, Joint Implementation and the ability to trade national emissions allowances). National registries are required of all Annex 1 country signatories to the Protocol and are linked to an international database (the International Transaction Log) that is used to monitor each country's holdings and transfers of Kyoto-recognized emissions credits.