Law on a National Trade Certificate for Fuel Emissions (Fuel Emissions Trading Act).

This Law lays down foundations for certified trading of fuel emissions as far as these regulations are not covered by the EU Emission Trading Law. The Law provides for the protection of national climate goals for the decrease of greenhouse gases by 2050 in light of EU Climate Protection Ordinance and is drafted with the aim of improving energy efficiency. The Law includes provisions on annual trading and use of fuel emissions, responsibilities for monitoring plans and determining trade periods, providing investigation reports on fuel emissions. The Law states that trade of fuel emission shall be based on the trade certificate that will be sold on fixed price from 2026. The emission trading shall be electronically registered and the handler or individuals will be able to open an account in the national emissions trading registry. The accounts are subject to sanctions in case of default by the holder. The Law further describes tax obligations and fine regulations. The Law consists of 8 Sections divided into 24 Articles: Definitions (1); Quantity planning (2); Basic responsibilities (3); Emission certificates, disposal and register (4); Common rules (5); Sanctions (6); Evaluation (7); Final provisions (8). Appendix 1 of the Law provides a list on fuels within the scope of this Law. Appendix 2 of the Law provides for emissions reporting in 2021 and 2022.