The process for opening EUA accounts with the is governed by the EU ETS Registry Regulation, which is uniform in the European Union.

However, there are national "parts" of the EU EU ETS Registry, which enjoy some autonomy and discretion in establishing internal procedures.


Hence, details may in some cases differ - importantly.

When deciding which one national registry is most suitable the third-country potential EUAs traders sometimes - in the absence of other important determinants - follow liquidity, i.e. ICE Endex, which drive them to the registry account in the Dutch emissions registry.


However, an example of such important national additional barriers is a requirement for holders of EUA trading accounts in the Netherlands to register with the Dutch Chamber of Commerce. 

The proof of VAT registration is also required.


This means that all holders of person holding accounts and trading accounts must be registered with the Dutch Chamber of Commerce.


Details are here and here.


The Dutch Emissions Authority will verify whether the aforementioned registration requirement has been met by means of an extract from the Chamber of Commerce.


Companies with their seat of business abroad must also submit supporting documentation to prove the business address of the legal entity.


To gain access to an account in the Dutch section of the CO2 Registry, market participants first need a Dutch URID number. 


This number must be generated before you start filling in the form, as it must be entered on the application.


Here is the link to the application form to open an account in the CO2 Registry.


Requirements for opening an account are specified here:

The accounts in the NL part of the EU registry are administered by the Dutch emissions authority (NEa). The procedure to apply for an account in the NL part of the registry is as follows:


Step 1

Complete the form and send it to the NEa using the program. You are asked to fill in the following information:

- details of the organisation that applies to the account;

- details of the persons who get access to the account;

- if the company that applies for the account is not obliged to participate in the system of emission allowance trading: information about the ultimate beneficial owner.

The NEa will process the application and will inform you within 10 working days about the rest of the procedure and the documents that are required.


Step 2

Collect the required documents and send these by post to the NEa. Please take into account that it can take a certain period of time to collect these documents. It can be necessary to get the documents certified and legalized.


The NEa will assess the documents you have sent and will contact you within 20 working days after receiving them. Depending on your situation a third step might be necessary, in which the NEa will request additional details or documents necessary to reach a decision on your application.


If you have any questions about this procedure or if you need help filling in this application form, there is the possibility to contact the Helpdesk NEa.  You can find the contact details on the top of this form.


A trading account costs €400 per year, and cannot be opened until this amount has been transferred to the NEa's account. 

You may also open a trading account with additional services, which is called a Premium Account. This account type is subject to additional fees.

Requirements for opening an account in the Dutch EUA registry are specified here:


Information about the organisation applying for the account:

- The signed form

During the application procedure you will be asked to complete a form online. In this form you will provide information about your organisation, the persons who will have access to the account, the Ultimate Beneficial Owners of your organisation, and your activities in the field of emissions trading.


- An extract from a trade register or a notarised declaration

This extract provides the NEa with basic information about your organisation. It must also show which persons are authorised to represent the organisation. If there is information missing from the extract, a notarised declaration is required which does include this information.


- A copy of a valid ID document belonging to the person who has been authorised to represent the business and has signed the form. 
This must be a colour copy of a passport or ID card. An ID card must give at least the name, date of birth, place of birth and nationality of its holder.


- Proof of VAT registration

- Proof of a current bank account in the European Economic Area*

- A list with the names of all the directors of your organisation*

- A Certificate of Good Behaviour (VOG) or equivalent foreign document for the director who is responsible for the activities in the field of emissions trading

- A copy of the annual report or of the most recent audited financial statements of the organisation*

In principle, this document is required only if you are applying for a person holding account, trading account or Kyoto account. Businesses or aircraft operators that are obliged to take part in emissions trading will not be required to submit this document.

Information about the persons who will have access to the account


- A copy of a valid ID document

This must be a colour copy of a passport or ID card. An ID card must give at least the name, date of birth, place of birth and nationality of its holder. We will use the identification, among other things, to check whether the person is at least 18 years old.

- Proof of the home address

In some countries the ID document shows the address of the permanent residence of its holder, in which case this is sufficient proof. A document that has been issued by a public authority and which includes the address of the permanent residence (for example, an extract from a population register) will also be accepted.

- A Certificate of Good Behaviour or equivalent foreign document

- Certification and legalisation

All copies of documents that you send must be certified copies of the original. Every country has its own authorities where you can get your copies certified. Generally this can be done by a civil-law notary or by the local council. If the document or certified copy comes from outside the Netherlands, it must be legalised. 

Legalisation serves to assure the NEa that the original foreign documents you have submitted are genuine or that the stamp on the copy is genuine. Original foreign documents, therefore, can immediately be legalised. Copies of foreign documents must first be certified.


You can also reach the the Dutch Helpdesk by telephone (070 456 8050) on weekdays between 9:00 and 12:00 and 15:00 and 17:00 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..






 clip2   Links






European Commission website


Austrian EUA registry














This seems to be really important determination, at least when it comes to DSOs: concerning tariffs, P2P only have significance when behind one single connection to the grid - in all other situations, without such a single connection, the regular network tariffs have to be applied to each individually connected customer.



Although the EU legislative framework for GHG emissions from maritime transport focuses currently solely on MRV, it is going to change soon and additional 90 million tons of CO2 will be included into the EU ETS.





Although the start of the emission trading for sectors of transport and buildings is envisioned as from 2026 only (as an integral part of the Fit for 55 legislative proposals), given its scale and possible impacts it is useful to take a brief look at its main assumptions.


They are briefly covered here.


However, more specific questions also come to mind, in particular about:

- potential parallels to existing EUAs and EUAAs,
- admission of financial institutions to the new cap-and-trade system,
- qualification of the new emission allowances as financial instruments under MiFID II,
- VAT taxation.

Considering this, a more general ambiguity may arise: is the emissions trading system for road transport and buildings a continuity or a revolution?


The answer is available here.



No guarantee is given that the operation of the EU ETS, as originally established (the supply of emission allowances including), will remain unchanged or can be modified only at the end of a trading period.



The practical issue, maybe obvious, but I would like to know for certain: do SFTR apply to title transfer collateral arrangements in emission allowances?



Judgment of the Court of Justice of the European Union of 28 April 2016 (C‑191/14, C‑192/14, C‑295/14, C‑389/14 and C‑391/14 to C‑393/14) creates dual system of the CSCF's application within the same, third trading period of the EU ETS, as both legal frameworks - the invalidated, and the new one - will be binding, however, for different years.





Every self-respecting EU legislative act must possess its own numerical thresholds, each of them of critical importance.


In order not to be monotonous, let's mention only few of them: MiFID II ancillary exemption threshold, EMIR collateral threshold, clearing threshold.


In this context it should not surprise anybody, the new Market Abuse Regulation (MAR) also operates with this technique, and what is particularly interesting for this website, MAR thresholds influence heavily emissions market.



8 countries only (DE, ES, FR, HR, IS, IT, SI, UK) use the possibility to exclude small installations and hospitals from the EU ETS in in third trading period (2013-2020).


This may appear surprising, given heavy criticism sometimes targeted on multiple EU ETS  bureaucratic requirements. 


The draft Directive, however, gives those absent the second chance to revise their carbon politics and, consequently, to update lists of excluded installations or, even - for Member States currently not making use of this option - to do so at the beginning of each trading period.


Hence, the implementation of new politics in this regard can start as from 2021.





Serious concerns that New Entrant Reserve (NER) will be used-up early and not sufficient to cover the needs of new entrants to the EU ETS, as well as installations' capacity increases, occur not to materialise.


NER is governed by the rule "first come, first served", hence the threat was, in principle, grounded.


However, as follows from data published recently by the European Commission, until July 2015, only 91.3 million allowances have been reserved for 369 installations for the entirety of phase 3 (i.e. untill 2020) and expectations are a significant number of allowances from the NER will remain unallocated.





Numerous changes, but the basic architecture maintained. The European Commission revealed its draft amendment to the EU ETS Directive delineating rules for the EU ETS fourth trading period (2021-2030).


What are business models ramifications? Among wide spectrum of elements of the EU post-2020 low carbon framework the fact that EUAs issued from 1 January 2013 onwards will be valid indefinitely (and not replaced - as before) does not represent a qualitative change since these are rather technical details. 


No doubt, point deserving to take a closer look in the first place is modified design for products benchmarks.



MiFID II does not contain specific exemption for firms specialising in professional emissions trading on own account.
It may be interesting to exemplify practical effects of this incoming regulatory switch...



As opposite to OTC derivative contracts between EU branches of non-equivalent third countries (which are proposed by ESMA to be subjected to EMIR) OTC derivative contracts between the EU branch of a non-EU entity and another non-EU entity is not captured. Such an approach seems to be lacking in systemic cohesion.



It is probable new emission allowances appear in the medium perspective on the European carbon market. The arguments that supported the creation of distinct carbon units for aviation sector (EUAA) are present also for the maritime sector. 


See more details



Market forces have verified legal assumptions for the creation of the California Allowance Price Containment Reserve (APCR). Subsequent sales from this vehicle do not attract any participants. Does this mean that the Reserve works as initially predicted or something has failed?



There are doubts regarding the necessity to verify carbon leakage list merely two years after its adoption. It seems that this period is too short to assess whether there are serious threats to the competitiveness of branches covered by the actual list. Moreover, the current level of carbon prices makes all assessments strictly hypothetical and vulnerable to change. Nevertheless, given legal obligation imposed, the verification is inevitable. The significant report likely to influence future decisions on the issue is now available.



It is highly probable that effective January 1, 2014, covered California or opt-in entities will have the possibility to use compliance instruments issued by the Government of Quebec to meet their compliance obligation.

However, linking may provide some regulatory mess as to which jurisdiction applies to entities trading in both: Quebec and California emission allowances.



A single unified track for joint implementation projects, standardized baselines and positive lists of project types that would automatically be deemed additional as well as the introduction of 15 calendar days as the maximum average time between the receipt of a submission and the commencement of the completeness check are among main points recommended to streamline processes in the second commitment period of the Kyoto Protocol.



ERUs prices recently experience sharp movements. It is hard to imagine any commodity evenly exposed to regulatory tensions. The new legislative draft for the Registry Regulation implements provisions reflecting complex regulatory situation on CERs and ERUs units which emerged after 1 January 2013.