Act on trading greenhouse gas emission privileges.

The Act establishes principles of functioning of the trading greenhouse gas emission privileges system. The aim of the system is to limit emissions in a more profitable and economically effective way. The system applies to greenhouse gas emissions from installations included in the system and to aircrafts. This Act is composed of the following Sections: General provisions (Sec. 1); Administration of the system (Sec. 2); Allocation of emission privileges (Sec. 3); Granting emission privileges to operators of aircrafts and operators of installations (Sec. 4); Auctions of emission privileges (Sec. 5); Permissions (Sec. 6); Detailed principles of issuing permissions to entities preparing installation which will produce electrical energy (Sec. 7); Monitoring and accounting of emission accounts (Sec. 8); Group of installations included in the system (Sec. 9); Utilization of emission reduction units (Sec. 10); Penalties (Sec. 11); Changes in valid provisions (Sec. 12); Transitional and final provisions (Sec. 13).