18 July 2011 EU Emissions Trading System - Transition to the Union Registry

The revised ETS Directive adopted in 2009 provides for the centralisation of the EU ETS operations into a single European Union registry. This new registry will be operated by the Commission and will replace all EU ETS registries currently hosted in the Member States. All transactions taking place in the registry will be subject to the approval of the European Union Transaction Log (EUTL), the successor of the CITL.