Explanatory Memorandum

Climate Change Act (Northern Ireland) 2022

2022 CHAPTER 31

6 June 2022

Commentary on Sections

Part 1 - Emissions Targets

Section 12: Carbon units: accounting scheme

This section enables the Department to make regulations to establish a scheme, or use an existing scheme, to register and track carbon units and to establish and maintain accounts in which carbon units may be held. Subsection (3) identifies some of the administrative elements which can be covered in such regulations, including the potential appointment of an administrator for such a scheme.