Emission credits and emission debts
Article 7
1. For the purpose of determining a manufacturer’s compliance with its specific CO 2 emissions targets in the reporting periods of the years 2025 to 2029, account shall be taken of its emission credits or emission debts determined in accordance with point 5 of Annex I, which correspond to the number of new heavy-duty vehicles, excluding vocational vehicles, of the manufacturer in a reporting period, multiplied by: (a) the difference between the CO 2 emissions reduction trajectory as referred to in paragraph 2 and the average specific CO 2 emissions of that manufacturer, if that difference is positive (‘emission credits’); or (b) the difference between the average specific CO 2 emissions and the specific CO 2 emissions target of that manufacturer, if that difference is positive (‘emission debts’). Emission credits shall be acquired in the reporting periods of the years 2019 to 2029. However, the emission credits acquired in the reporting periods of the years 2019 to 2024 shall be taken into account for the purpose of determining the manufacturer’s compliance with the specific CO 2 emissions target of the reporting period of the year 2025 only. Emission debts shall be acquired in the reporting periods of the years 2025 to 2029. However, the total emission debt of a manufacturer shall not exceed 5 % of the manufacturer’s specific CO 2 emissions target in the reporting period of the year 2025 multiplied by the number of heavy-duty vehicles of the manufacturer in that period (‘emission debt limit’). Emission credits and emission debts acquired in the reporting periods of the years 2025 to 2028 shall, where applicable, be carried-over from one reporting period to the next reporting period. Any remaining emission debts shall be cleared in the reporting period of the year 2029. 2. The CO 2 emissions reduction trajectory shall be set for each manufacturer in accordance with point 5.1 of Annex I, based on a linear trajectory between the reference CO 2 emissions referred to in the second paragraph of Article 1 and the CO 2 emissions target for the reporting period of the year 2025 as specified in point (a) of the first paragraph of that Article, and between the CO 2 emissions target for the reporting period of the year 2025 and the CO 2 emissions target for the reporting periods of the year 2030 onwards as specified in point (b) of the first paragraph of that Article.