This is the original version (as it was originally enacted).
(1)It is the duty of the Secretary of State—
(a)to set for each succeeding period of five years beginning with the period 2008-2012 (“budgetary periods”) an amount for the net UK carbon account (the “carbon budget”), and
(b)to ensure that the net UK carbon account for a budgetary period does not exceed the carbon budget.
(2)The carbon budget for a budgetary period may be set at any time after this Part comes into force, and must be set—
(a)for the periods 2008-2012, 2013-2017 and 2018-2022, before 1st June 2009;
(b)for any later period, not later than 30th June in the 12th year before the beginning of the period in question.
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