Jurisdiction: UK
Commencement: 28th June 2021
This Order sets limits on the use of international carbon units that can be used to help meet the carbon budget from 2023-2027. The carbon budget is the maximum level of greenhouse gases which the UK can emit within the given five-year period and is a requirement under the Climate Change Act 2008.
The 2021 Order sets limits for the net amount of carbon units to be credited to the net UK carbon account for the 2023-2027 budgetary period as 55,000,000 carbon units. That limit excludes the use of credits which result from the operation of the European Union Emissions Trading Scheme (EU ETS).
There are no compliance duties for organisations.
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