Regulation 3 Crediting and debiting of carbon units as a result of the operation of the EU Emissions Trading Scheme in respect of installations during 2019
If, in accordance with the Greenhouse Gas Emissions Trading Scheme Regulations 2012f1, the amount of carbon units surrendered by operators of installationsf2 in the United Kingdom in respect of 2019 was—
(a)
greater than 104,424,206, an amount of carbon units equal to the difference is to be credited to the net UK carbon account in respect of 2019;
(b)
less than 104,424,206, an amount of carbon units equal to the difference is to be debited from the net UK carbon account in respect of 2019.
Annotations
Footnotes
- f1
-
S.I. 2012/3038, to which there are amendments not relevant to these Regulations.
- f2
-
See the definitions of “operator” and “installation” in regulation 3 of the Greenhouse Gas Emissions Trading Scheme Regulations 2012.