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Article 3 Carbon units that do not count towards the limit

Original text. Later amendments are not shown.

(1)

The following carbon units do not count towards the limit in article 2:—

(a)

carbon units credited to or debited from the net Scottish emissions account in accordance with regulation 8 (crediting and debiting of carbon units to the net Scottish emissions account in connection with the EU Emission Trading Scheme) of the 2010 Regulations; and

(b)

European Union allowances which are acquired by the administrator of a trading scheme established in accordance with Part 3 (trading schemes) of the Climate Change Act 2008f1.

(2)

In paragraph (1) “European Union allowance” has the meaning given by regulation 4(3) (carbon units) of the 2010 Regulations.

Annotations

Footnotes

f1

2008 c.27.