PART 2Basic elements of the UK ETS
CHAPTER 1Establishment of the UK ETS and requirement for review
UK Emissions Trading Scheme16.
(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.