# The Greenhouse Gas Emissions Trading Scheme (Amendment) (No. 2) Order 2024, Article 7: Article 20 amended (cap for scheme years)


(1) Article 20 is amended as follows.
(2) In paragraph (1)—
(a) in the words before sub-paragraph (a) omit “the sum of”;
(b) in sub-paragraph (a)(ii) omit the “and” at the end of the paragraph;
(c) omit sub-paragraph (b).
(3) For paragraph (2) substitute—
“(2) But the restriction in paragraph (1) does not apply to the creation of allowances—
(a) for the flexible reserve (see article 23A);
(b) for the new entrants’ reserve (see article 34G);
(c) for allocation under the Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021 or any other regulations made under section 96 of the Finance Act 2020.”.
(4) In paragraph (3) for “But such a direction may not override” substitute “Nothing in this article overrides”.

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Source: https://www.legislation.gov.uk/ukdsi/2024/9780348264616/article/7 (the official version)
Page: https://openlegislation.uk/draft-greenhouse-gas-emissions-trading-scheme-amendment-no-2-order-2024/article-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.