PART 2Basic elements of the UK ETS
CHAPTER 2Allowances and caps
Allowances18.
(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.