Article 18 AllowancesI1
United Kingdom
(1)
The UK ETS authority may F1create allowances in the registry for the purposes of the UK ETS.
(2)
An allowance is an allowance to emit 1 tonne of carbon dioxide equivalent.
F2(3)
Allowances may be held only in accounts in the registry.
Annotations
Textual amendments
- F1
Words in art. 18(1) substituted (31.12.2020) by The Greenhouse Gas Emissions Trading Scheme (Amendment) Order 2020 (S.I. 2020/1557), arts. 2(1), 10(2)
- F2
Art. 18(3) inserted (31.12.2020) by The Greenhouse Gas Emissions Trading Scheme (Amendment) Order 2020 (S.I. 2020/1557), arts. 2(1), 10(3)
Commencement
- I1
Art. 18 in force at 12.11.2020, see art. 2(1)