Recognition and official acknowledgement of Certified Tradable Credits that have been brought through the state sanctioned Approval & Accreditation Process and been Certified, occurs here.The Registry, as setup, provides for registration, deposit, transfer and external transaction of all CTC's, as defined above.It will cover each of the following categories:Emissions Inventory, Emissions Reductions Inventory and Offsets Inventory. Both Direct and Indirect Reductions will be allowed. The Facility Level of a corporation will be whats regulated or whats counted as a Credit. Whereas, the Entity or Corporate Level will be whats required to be reported in the Approval Process to insure against leakage.

Under the functionality chain, the Registry becomes a part of the compliance mechanism. It is the last step on a state's part of promulgating regulations, mandating reductions, approving-accrediting-certifying proposal applications and then officially reporting the acceptance by allowing their placement in the Registry. In the case of Massachusetts, the role of ISO New England will need to be defined. They provide emission inventory levels for covered facilities and data elements for 'Baseline Protection'. ISO New England is not setup to report emission reductions and offsets from outside the Grid or from other regimes (ie. CH4 from coal mines, SF6, PFC's and HFC's) and from other sectors (ie. transportation). With time the Registry will be expanded to cover all regulated sectors and a region wide geography.

This Registry is a database of emissions and CERCs tracked on a facility basis and on an entity-wide basis. For a fee, the Registry would be available to Regulated Entities, CERC creators / generators, CERC certifiers and CERC investors.Certain components of the Registry would be made available to Regulators and the general public at no charge, fulfilling the increasingly prevalent requirement of transacting entities and state regulators that the registry be public. For Regulated Entities, CERC generators, and CERC investors, the Registry would act as a storehouse or "bank" for Credits. For Regulators, the Registry would act as a tool for tracking actual compliance against prevailing requirements. These services are provided by BCC's affiliate Global Carbon Holdings.