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The Greenhouse Gas Emissions Trading Scheme Order 2020
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CHAPTER 1Establishment of the UK ETS and requirement for review
UK Emissions Trading Scheme
16.—(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(1) in the trading period from the carrying out of—
(a)regulated activities by operators of installations; and
(b)aviation activities by aircraft operators.
Review of UK ETS
17.—(1) The UK ETS authority must before each review date—
(a)carry out a review of the operation of the UK ETS;
(b)publish a report setting out the conclusions of the review.
(2) The review dates are 31st December 2023 and 31st December 2028.
(3) The report must in each case—
(a)review the operation of the UK ETS (including assessing the extent to which the purpose of the UK ETS is being achieved);
(b)make any recommendations that the UK ETS authority considers appropriate as to the future operation and purpose of the UK ETS.
(1)
Section 92(1) of the Climate Change Act 2008 defines “greenhouse gas”.
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