Updates

The Climate Change Act 2008 (Credit Limit) Order 2021

Jurisdiction: UK

Commencement: 28th June 2021

Mini Summary

The Climate Change Act 2008 (Credit Limit) Order 2021 sets limits on the use of international carbon units that can be used to help meet the carbon budget from 2023-2027.

Summary

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).

Duties

There are no compliance duties for organisations.

 

Link to full government text

 

 

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