The Climate Change Act 2008 (Credit Limit) Order 2011

• Citation: S.I. 2011/1602
• Sections: 3

Section 1 Citation and coming into force

This Order may be cited as the Climate Change Act 2008 (Credit Limit) Order 2011 and comes into force on the day after the day on which it is made.

Section 2 Interpretation

In this Order—

“the Emissions Trading Directive” means Directive 2003/87/ EC of the European Parliament and of the Council establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC ; and

“the EU ETS ” means the scheme for greenhouse gas allowance trading established under the Emissions Trading Directive as implemented by the Greenhouse Gas Emissions Trading Scheme Regulations 2005 .

Section 3 Limit on the net amount of carbon units

(1) The limit on the net amount of carbon units that may be credited to the net UK carbon account for the 2013-2017 budgetary period is 55,000,000 carbon units.

(2) Carbon units credited to or debited from the net UK carbon account as a result of the operation of the EU ETS in respect of each year of the 2013-2017 budgetary period in accordance with regulations made under section 27(3) of the Climate Change Act 2008 do not count towards the limit in paragraph (1).