Loading…eh

🔆 📖 ➕ 👤

Statutory Instruments

2012 No. 2661

Environmental Protection

Emissions Trading

The Community Emissions Trading Scheme (Allocation of Allowances for Payment) Regulations 2012

Made

23rd October 2012

Laid before Parliament

24th October 2012

Coming into force

14th November 2012

M1 The Treasury make the following Regulations, except regulation 6(1)(a), in exercise of the powers conferred on them by section 16(2) and (4) of the Finance Act 2007 .

M2,M3 The Secretary of State for Energy and Climate Change is designated for the purposes of section 2(2) of the European Communities Act 1972 in relation to the environment.

The Secretary of State for Energy and Climate Change makes regulation 6(1)(a) in exercise of the power conferred on him by section 2(2) of the European Communities Act 1972.

Citation and commencement

1. These Regulations may be cited as the Community Emissions Trading Scheme (Allocation of Allowances for Payment) Regulations 2012, and come into force on 14th November 2012.

Interpretation

2. In these Regulations—

“ allowances ” means Community tradeable emissions allowances;

“ auction platform ” has the same meaning as in the Auctioning Regulation;

“ auction process ” has the meaning given in Article 3(16) of the Auctioning Regulation;

“ auctioneer ” has the meaning given in Article 3(20) of the Auctioning Regulation;

M4 “ the Auctioning Regulation ” means Commission Regulation (EU) No. 1031/2010 of 12 November 2010 on the timing, administration and other aspects of auctioning of greenhouse gas emission allowances pursuant to Directive 2003/87/EC of the European Parliament and of the Council establishing a scheme for greenhouse gas emission allowances trading within the Community ;

M5 “ the Directive ” means Directive 2003/87/EC of the European Parliament and of the Council establishing a scheme for greenhouse gas emission allowances trading within the Community ;

M6 “ emissions ” has the meaning given in Article 3(b) of the Directive ;

“ Phase II allowances ” means allowances which are valid for surrender against emissions occurring before 1st January 2013, and which have not been surrendered before 14th November 2012; and

“ Phase III allowances ” means allowances under Chapter II (aviation) or Chapter III (stationary installations) of the Directive which are valid for surrender against emissions occurring on or after 1st January 2013.

Persons who may conduct auctions pursuant to the Auctioning Regulation

3. —(1) For the purpose of the allocation of Phase III allowances by auction process the Treasury may appoint as auctioneer—

(a) the Secretary of State, the Scottish Ministers, the Welsh Ministers, the Department of the Environment in Northern Ireland or any other person; or

(b) any two or more such persons jointly.

(2) The appointment may be made subject to such conditions (including as to fees charged) and limitations as the Treasury see fit.

Appointment of auction platform

4. —(1) For the purpose of the allocation of Phase III allowances by auction process the Treasury may appoint a person to carry out the functions of the auction platform specified in the Auctioning Regulation.

(2) The appointment may be made subject to such conditions (including as to fees charged) and limitations as the Treasury see fit.

Financial provisions

5. —(1) Subject to any deduction in respect of costs made in accordance with the Auctioning Regulation—

(a) any sum received by the Secretary of State as auctioneer in return for the allocation of allowances must be paid into the Consolidated Fund; and

(b) any sum received by the Scottish Ministers, the Welsh Ministers, the Department of the Environment in Northern Ireland or any other person as auctioneer in return for the allocation of allowances must be paid to the Treasury.

(2) All sums received by the Treasury under paragraph (1)(b) are to be paid into the Consolidated Fund.

Repeal, revocation and saving

6. —(1) Subject to paragraph (2)—

(a) section 16(3) of the Finance Act 2007 is repealed; and

(b) M7 the Community Emissions Trading Scheme (Allocation of Allowances for Payment) Regulations 2008 are revoked.

(2) That section and those Regulations continue to have effect for the purpose of auctioning Phase II allowances.

Stephen Crabb

Mark Lancaster

Two of the Lords Commissioners of Her Majesty's Treasury

22nd October 2012

Edward Davey

Secretary of State for Energy and Climate Change

23rd October 2012

Status: There are currently no known outstanding effects for the The Community Emissions Trading Scheme (Allocation of Allowances for Payment) Regulations 2012.
The Community Emissions Trading Scheme (Allocation of Allowances for Payment) Regulations 2012 (2012/2661)
Version from: 14 November 2012

Displaying information

Status of this instrument

in force Provision is in force
in force* In force only for specified purposes (see footnote)
not in force Not in force in England (may be in force in other geographies, see footnotes)
defined term Defined term
dfn Defined term (alternative style)
footnote commentary transitional and savings in force status related provisions geo extent insert/omit source count in force adj
M1 2007 c.11 .
M2 S.I. 2008/301 .
M3 1972 c.68 . Section 2(2) was amended by section 27(1)(a) of the Legislative and Regulatory Reform Act 2006 (c.51) and the European Union (Amendment) Act 2008 (c.7) , Sch edule, Part 1.
M4 OJ No. L 302, 18.11.2010, p.1.
M5 OJ No. L 275, 25.10.2003, p.32. The Directive was amended by Directives 2004/101/EC (OJ No. L 338, 13.11.2004, p.18); 2008/101/EC (OJ No. L 8, 13.1.2009, p.3) and 2009/29/EC (OJ No. L 140, 5.6.2009, p.63), and by Regulation (EC) No. 219/2009 (OJ No. L 87, 31.3.2009, p.109).
M6 Article 3(b) was amended by Article 1(3)(a) of Directive 2008/101/EC (OJ No. L 8, 13.1.2009, p.3).
M7 S.I 2008/1825, as amended by S.I. 2008/1939 .
Defined Term Section/Article ID Scope of Application
allowances reg. 2. def_cb589a8fac
auction platform reg. 2. def_df5d0157f9
auction process reg. 2. def_b18a3274e9
auctioneer reg. 2. def_9cdfd51d43
emissions reg. 2. def_cb1bbd8642
Phase II allowances reg. 2. def_c5c779aa17
Phase III allowances reg. 2. def_4c3521dc44
the Auctioning Regulation reg. 2. def_1ec8a9f898
the Directive reg. 2. def_cc4c4b6862

Status of changes to instrument text

The list includes made instruments, both those in force and those yet to come into force. Typically, instruments that are not yet in force (hence their changes are not incorporated into the text above) are indicated by description 'not yet' in the changes made column.

Contains public sector information licensed under the Open Government Licence v3.0.