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PART 2U.K.Basic elements of the UK ETS

CHAPTER 2U.K.Allowances and caps

Cap: hospital and small emitter reduction factorsU.K.

21.—(1) This article applies for the purposes of articles 19 and 20.

(2) The 2021-2025 hospital and small emitter reduction factor is (RE1 – SI1)/RE1, where—

(3) The 2026-2030 hospital and small emitter reduction factor is (RE2 - SI2)/RE2, where—

(4) In this article, a reference to reportable emissions or aviation emissions is a reference to reportable emissions or aviation emissions—

(a)verified [F1as satisfactory] in accordance with the Verification Regulation 2012 or the Verification Regulation 2018;

[F2(aa)determined under regulation 44 of GGETSR 2012 or article 45 of this Order;]

(b)where relevant, set out in an emissions report accompanied by the notice or declaration referred to in paragraph 3(8)(b)(ii) of Schedule 5 to GGETSR 2012 or paragraph 11(2)(b)(ii) of Schedule 7 to this Order; or

(c)where relevant, considered to be verified under regulation 35(7) of GGETSR 2012 or article 33(2) of this Order.