Regulation 5 Power to credit carbon units to the net Welsh emissions accountI1

England and Wales

(1)

Carbon units may be credited to the net Welsh emissions account in accordance with this regulation.

(2)

A carbon unit is credited to the net Welsh emissions account if—

(a)

it is in the Welsh credit account;

(b)

the Welsh Ministers declare that the carbon unit is credited to the net Welsh emissions account; and

(c)

following the Welsh Ministers’ declaration the carbon unit is cancelled.

(3)

A declaration under paragraph (2)—

(a)

must state the year in respect of which the carbon unit is to be credited; and

(b)

may be made in such manner and at such time as the Welsh Ministers considers appropriate.

(4)

The Welsh Ministers may not make a declaration under paragraph (2) if they reasonably believe that the carbon unit has been used to offset greenhouse gas emissions which are not Welsh emissions.

Annotations

Commencement

I1: Reg. 5 in force at 6.12.2018, see reg. 1(2)