The Vehicle Emissions Trading Schemes Order 2023

Jurisdiction: Great Britain

Commencement: 1^st January 2024

Amends: New legislation

Summary
A series of trading schemes are established to limit greenhouse gas emissions from cars and vans.

From 3rd January 2024, manufacturers of non-zero emission vehicles* must sign up to the following schemes.

• The Non-Zero-Emission Car Registration Trading Scheme (CRTS).
• The Non-Zero-Emission Van Registration Trading Scheme (VRTS).
• The Non-Zero-Emission Car CO₂ Trading Scheme (CCTS).
• The Non-Zero-Emission Van CO₂ Trading Scheme (VCTS).

*Non-zero emission vehicles are vehicles that emit greenhouse gases.

Register of trading schemes
The Secretary of State must establish a register. This must include information on:

• the scheme participants;
• vehicles that have been manufactured and registered under a trading scheme;
• the allocation of allowances;
• trading of allowances and credits; and
• the surrender or expiry of allowances and credits.

Duties
Various duties apply and are available to view on the Legislation Update Service.