Greenhouse Gas Emissions Trade Act.
Country
Type of law
Legislation
Date of original text
Abstract
This Law implements Directive 2003/87/EC of the European Parliament and of the Council of October 13, 2003 on a system for trading in greenhouse gas emission certificates in the Community and amending Council Directive 96/61/EC on services in the internal market. The purpose of this Law is to create the basis for trading in allowances for the emission of greenhouse gases in a community-wide emissions trading system for the activities listed in Annex 1 Part 2, through which greenhouse gases are emitted, in order to achieve a cost-efficient reduction of greenhouse gases contribute to global climate protection. The text consists of 35 Articles divided into 7 Parts as follows: General provisions (1); Authorization and monitoring of emissions (2); Vested rights and allocations (3); Global market based mechanism for international air transport (4); Common Rules (5) Penalties (6); Transitional provisions (7). Two Annexes are enclosed. Articles 10, 12, 13 and 22 are repealed.
Attached files
Long title of text
Act on the trade of greenhouse gas emissions.
Date of consolidation/reprint
Entry into force notes
This Act comes into force as of 28 July 2011.
Notes
The present Act is consolidated as of 10 August 2021 (BGBI. I p.3436).
Repealed
No
Serial Imprint
Bundesgesetzblatt, Part I, No. 38, 27 July 2011, pp. 1475-1502.
Source language
English
Legislation Amendment
No
Original title
Gesetz ber den Handel mit Berechtigungen zur Emission von Treibhausgasen (Treibhausgas-Emissionshandelsgesetz-TEHG).
Implements