There are outstanding changes not yet made by the legislation.gov.uk editorial team to The Greenhouse Gas Emissions Trading Scheme Order 2020. Any changes that have already been made by the team appear in the content and are referenced with annotations.
18.—(1) The UK ETS authority may [F1create allowances in the registry] for the purposes of the UK ETS.
(2) An allowance is an allowance to emit 1 tonne of carbon dioxide equivalent.
[F2(3) Allowances may be held only in accounts in the registry.]
Textual Amendments
F1Words in art. 18(1) substituted (31.12.2020) by The Greenhouse Gas Emissions Trading Scheme (Amendment) Order 2020 (S.I. 2020/1557), arts. 2(1), 10(2)
F2Art. 18(3) inserted (31.12.2020) by The Greenhouse Gas Emissions Trading Scheme (Amendment) Order 2020 (S.I. 2020/1557), arts. 2(1), 10(3)
Commencement Information
I1Art. 18 in force at 12.11.2020, see art. 2(1)
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