Updates

The Vehicle Emissions Trading Schemes Order 2023

  • Legal

Jurisdiction: Great Britain

Commencement: 1st January 2024

Amends: New legislation

Mini Summary

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

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.

 

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