CHAPTER 1U.K.Establishment of the UK ETS and requirement for review
UK Emissions Trading SchemeU.K.
16.—(1) This Order establishes a trading scheme, known as the “UK Emissions Trading Scheme” or “UK ETS”.
(2) The purpose of the UK ETS is to limit, or encourage the limitation of, the emission of greenhouse gases M1 in the trading period from the carrying out of—
(a)regulated activities by operators of installations; and
(b)aviation activities by aircraft operators.
Commencement Information
I1Art. 16 in force at 12.11.2020, see art. 2(1)
Marginal Citations
M1Section 92(1) of the Climate Change Act 2008 defines “greenhouse gas”.
Review of UK ETSU.K.
17.—(1) The UK ETS authority must before each review date—
(a)carry out a review of the operation of the UK ETS;
(b)publish a report setting out the conclusions of the review.
(2) The review dates are 31st December 2023 and 31st December 2028.
(3) The report must in each case—
(a)review the operation of the UK ETS (including assessing the extent to which the purpose of the UK ETS is being achieved);
(b)make any recommendations that the UK ETS authority considers appropriate as to the future operation and purpose of the UK ETS.
Commencement Information
I2Art. 17 in force at 12.11.2020, see art. 2(1)