{
  "url": "https://openlegislation.uk/climate-change-agreements-administration-amendment-and-related-provision-regulations-2016/regulation-3",
  "json_url": "https://openlegislation.uk/climate-change-agreements-administration-amendment-and-related-provision-regulations-2016/regulation-3.json",
  "legislation": "uksi/2016/1189",
  "legislation_title": "The Climate Change Agreements (Administration) (Amendment and Related Provision) Regulations 2016",
  "legislation_url": "https://openlegislation.uk/climate-change-agreements-administration-amendment-and-related-provision-regulations-2016",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Amendment to Regulation 12 of the 2012 Regulations",
  "text": "(1) Regulation 12 of the 2012 Regulations (terms to be included in an underlying agreement relating to the buy-out fee) is amended as follows.\n(2) For paragraph (2)(c), substitute—\n“(c) if sub-paragraph (a)(i) applies, the amount of the fee is—\nA×( W−S ) where—\n(i) A is £12 where the finding is of a failure to meet a target for target period 1 or target period 2, or £14 where the finding is of a failure to meet a target for target period 3 or target period 4;\n(ii) W in units of tCO2 equivalent represents the amount by which the emissions for the target period exceed the target; and\n(iii) S in units of tCO2 equivalent represents any surplus;”.\n(3) For paragraph (2)(d), substitute—\n“(d) if sub-paragraph (a)(ii) applies, the amount of the fee is—\nA×W where—\n(i) A is £12 where the finding is of a failure to meet a target for target period 1 or target period 2, or £14 where the finding is of a failure to meet a target for target period 3 or target period 4; and\n(ii) W in units of tCO2 equivalent represents the amount by which the emissions for the target period exceed the target;”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2016/1189/regulation/3",
    "retrieved_at": "2026-10-28T23:17:22.018275+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}