InterpretationU.K.
2. In these Regulations—
“allowances” means Community tradeable emissions allowances;
“auction platform” has the same meaning as in the Auctioning Regulation;
“auction process” has the meaning given in Article 3(16) of the Auctioning Regulation;
“auctioneer” has the meaning given in Article 3(20) of the Auctioning Regulation;
“the Auctioning Regulation” means Commission Regulation (EU) No. 1031/2010 of 12 November 2010 on the timing, administration and other aspects of auctioning of greenhouse gas emission allowances pursuant to Directive 2003/87/EC of the European Parliament and of the Council establishing a scheme for greenhouse gas emission allowances trading within the Community M1;
“the Directive” means Directive 2003/87/EC of the European Parliament and of the Council establishing a scheme for greenhouse gas emission allowances trading within the Community M2;
“emissions” has the meaning given in Article 3(b) of the Directive M3;
“Phase II allowances” means allowances which are valid for surrender against emissions occurring before 1st January 2013, and which have not been surrendered before 14th November 2012; and
“Phase III allowances” means allowances under Chapter II (aviation) or Chapter III (stationary installations) of the Directive which are valid for surrender against emissions occurring on or after 1st January 2013.
Marginal Citations
M1OJ No. L 302, 18.11.2010, p.1.
M2OJ No. L 275, 25.10.2003, p.32. The Directive was amended by Directives 2004/101/EC (OJ No. L 338, 13.11.2004, p.18); 2008/101/EC (OJ No. L 8, 13.1.2009, p.3) and 2009/29/EC (OJ No. L 140, 5.6.2009, p.63), and by Regulation (EC) No. 219/2009 (OJ No. L 87, 31.3.2009, p.109).
M3Article 3(b) was amended by Article 1(3)(a) of Directive 2008/101/EC (OJ No. L 8, 13.1.2009, p.3).