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Article 8 Compliance with the specific CO2 emissions targets

United Kingdom

Original text. Later amendments are not shown.

1.

Where a manufacturer is found, pursuant to paragraph 2, to have excess CO2 emissions in a given reporting period from 2025 onwards, the F1Secretary of State shall impose an excess CO2 emissions premium, calculated in accordance with the following formula:

(a)

from 2025 to 2029,

(Excess CO2 emissions premium) = (Excess CO2 emissions × F2£3,830/gCO2/tkm)

(b)

from 2030 onwards,

(Excess CO2 emissions premium) = (Excess CO2 emissions × F3£6,130/gCO2/tkm).

2.

A manufacturer shall be deemed to have excess CO2 emissions in any of the following cases:

(a)

where, in any of the reporting periods of the years 2025 to 2028, the sum of the emission debts reduced by the sum of the emission credits exceeds the emission debt limit referred to in the third subparagraph of Article 7(1);

(b)

where, in the reporting period of the year 2029, the sum of the emission debts reduced by the sum of the emission credits is positive;

(c)

where, from the reporting period of the year 2030 onwards, the manufacturer’s average specific CO2 emissions exceed its specific CO2 emissions target.

The excess CO2 emissions in a given reporting period shall be calculated in accordance with point 6 of Annex I.

3.

F4The Secretary of State may by regulations determine the means for collecting excess CO2 emissions premiums under paragraph 1 of this Article. F5...

4.

The excess CO2 emissions premiums F6must be paid into the Consolidated Fund.

Annotations

Textual amendments

F1

Words in Art. 8(1) substituted (31.12.2020) by The New Heavy Duty Vehicles (Carbon Dioxide Emission Performance Standards) (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1402), regs. 1(3), 8(2)(a)

F2

Sum in Art. 8(1)(a) substituted (31.12.2020) by The New Heavy Duty Vehicles (Carbon Dioxide Emission Performance Standards) (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1402), regs. 1(3), 8(2)(b)

F3

Sum in Art. 8(1)(b) substituted (31.12.2020) by The New Heavy Duty Vehicles (Carbon Dioxide Emission Performance Standards) (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1402), regs. 1(3), 8(2)(c)

F4

Words in Art. 8(3) substituted (31.12.2020) by The New Heavy Duty Vehicles (Carbon Dioxide Emission Performance Standards) (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1402), regs. 1(3), 8(3)(a)

F5

Words in Art. 8(3) omitted (31.12.2020) by virtue of The New Heavy Duty Vehicles (Carbon Dioxide Emission Performance Standards) (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1402), regs. 1(3), 8(3)(b)

F6

Words in Art. 8(4) substituted (31.12.2020) by The New Heavy Duty Vehicles (Carbon Dioxide Emission Performance Standards) (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1402), regs. 1(3), 8(4)