Regulation 4 Carbon units

(1)

A carbon unit for the purposes of the Climate Change (Scotland) Act 2009 is a unit of the following kind:—

(a)

assigned amount unit;

(b)

European Union allowance;

(c)

certified emission reduction; and

(d)

emission reduction unit.

(2)

A carbon unit has a value of 1 tonne of carbon dioxide equivalent.

(3)

In this regulation—

“assigned amount unit” means a unit issued—
1. (a)
  
  under Article 7(3) of Decision No 280/2004/EC^f1 of the European Parliament and of the Council concerning a mechanism for monitoring Community greenhouse gas emissions and for implementing the Kyoto Protocol; or
2. (b)
  
  by a party to the Kyoto Protocol which is not subject to that Decision;
“European Union allowance” means an assigned amount unit converted into an allowance for the purposes of the EU ETS in accordance with Article 45 of the Registries Regulation;
“certified emission reduction ” means a unit issued under Article 12 of the Kyoto Protocol and the Decisions adopted under the UNFCCC or the Kyoto Protocol; and
“emission reduction unit” means a unit issued under Article 6 of the Kyoto Protocol and the Decisions adopted under the UNFCCC or the Kyoto Protocol.

Annotations