Updates

The Greenhouse Gas Emissions Trading Scheme (Amendment) Regulations 2020

Jurisdiction: UK

Commencement: 31st January 2020

Amends: The Greenhouse Gas Emissions Trading Scheme Regulations 2012 (SI 2012/3038) as amended

Mini Summary

The Greenhouse Gas Emissions Trading Scheme Regulations 2012 (SI 2012/3038) as amended complete the UK’s transposition of European Directive 2009/29/EC which amended Directive 2003/87/EC (‘the EU ETS Directive’), to improve and extend the Greenhouse Gas emission allowance trading scheme. The Regulations consolidate and replace a number of legislations that has transposed the EU ETS Directive into UK law.

Amendment

Various minor corrections are made following technical errors in the Greenhouse Gas Emissions Trading Scheme (Amendment) (No. 3) Regulations 2019 ( the previous amendment”) These include:

The commencement date of various regulations of the previous amendment are brought forward to 1st February 2020.  This is to ensure the necessary provisions are brought into force before 1st January 2021, when the remainder of that amendment comes into force, to ensure the legislation can continue to function during any implementation period following the UK’s exit from the European Union.

Directive 2004/87/EC establishing a system for greenhouse gas emission allowance trading within the Union will be revoked when it no longer applies to the UK, presumably after the transition period.

This amendment does not change any duties for businesses.

 

Link to full government text

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