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The Greenhouse Gas Emissions Trading Scheme (Amendment) (No. 2) Regulations 2019
Jurisdiction: UK
Commencement: 25th March 2019
Amends: The Greenhouse Gas Emissions Trading Scheme Regulations 2012
Mini Summary
The Greenhouse Gas Emissions Trading Scheme Regulations 2012 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
The deadline for aircraft operators and installations to surrender allowances for their annual reportable emissions of greenhouse gases (GHGs) for the EU Emissions Trading Scheme (EU ETS) 2018 compliance year is extended to 30th April 2019.
This will give operators more time to comply with their 2018 obligations as a result of the UK’s exit from the EU.