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Climate Change Act 2008

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Changes over time for: Cross Heading: Allocation of allowances

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Climate Change Act 2008, Cross Heading: Allocation of allowances is up to date with all changes known to be in force on or before 19 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Allocation of allowancesU.K.

5(1)The regulations may provide for the allocation among the participants of allowances representing the right to carry on a specified amount of the activities in a trading period.U.K.

(2)The regulations may set a limit on—

(a)the total amount of the activities for a trading period, and

(b)the total amount of the allowances to be allocated for the period.

(3)The regulations may specify the method of allocation or provide for it to be determined in accordance with the regulations.

(4)The regulations may not provide for allowances to be allocated in return for consideration.

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