Article 20 Article 16a amended (cross-sectoral correction factors)

Article 16a is amended as follows.

After paragraph 5 insert—

“5a.

In respect of the 2027-2030 allocation period, where the benchmarks for the 2028, 2029 and 2030 scheme years have not been adopted under Article 16(13)(b)(ii) on or before 30 September 2026:

(a)

the calculation referred to in paragraphs 2 to 4 must occur on or after 1 November 2027;

(b)

the UK ETS authority must, as soon as reasonably practicable after 1 November 2027, publish the matters referred to in paragraph 5; and

(c)

as soon as reasonably practicable after 30 September 2026, the UK ETS authority must issue a statement that the cross-sectoral correction factor calculation for the 2027-2030 allocation period will take place on or after 1 November 2027.”.