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Greenhouse Gas Emissions Trading Scheme Regulations 2012 (S.I. No. 3038 of 2012).

Type of law

These Regulations implement Directive 2003/87/EC of the European Parliament and of the Council and, in particular, the amendments to the Directive made by Directive 2009/29/EC of the European Parliament and of the Council. They concern an EU emissions trading scheme for greenhouse gases. An overall cap is set for emissions of greenhouse gases from specified activities. Operators must monitor and report emissions, and surrender sufficient emissions trading allowances to cover their emissions for each year. The Regulations, among other things: require the Secretary of State to review the operation and effect of these Regulations and publish a report within five years after they come into force and within every five years after that; lay down requirements for the submission of applications, notices or reports under the Regulations; provide for matters of administration; provide for the review, variation and consolidation of permits; and make provision for the free allocation of allowances to those installations that are entitled to such an allocation.
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Legislation Amendment