The Greenhouse Gas Emissions Trading Scheme (Amendment) Regulations 2007

Made: 19th February 2007

Laid before Parliament: 22nd February 2007

Coming into force: 16th March 2007

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Title and commencement

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Amendment of the Greenhouse Gas Emissions Trading Scheme Regulations 2005

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Signed

Ian Pearson — Minister of State — Department for Environment, Food and Rural Affairs — 19th February 2007

Explanatory note

(This note is not part of the Regulations)

EXPLANATORY NOTE

These Regulations amend the Greenhouse Gas Emissions Trading Scheme Regulations 2005 (“the 2005 Regulations”) which provide a framework for a greenhouse gas emissions trading scheme and implement Directive 2003/87/EC of the European Parliament and the Council establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC (the “Emissions Trading Directive”).

These Regulations provide that the Secretary of State may allocate allowances for the first phase of the scheme (2005 to 2007) by way of auction or sale. The Secretary of State is permitted to enter into agreements with persons who hold accounts in the emissions trading registry to transfer allowances to those persons in exchange for payment (regulations 21A and 46 of the 2005 Regulations, as inserted by these Regulations).

A full regulatory impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.

Footnotes

[^f00001]: S.I. 2004/1984.

[^f00002]: 1972 c. 68. Section 57(1) of the Scotland Act 1998 (c. 46) provides that despite the transfer to the Scottish Ministers of functions in relation to observing and implementing obligations under Community law by virtue of that Act, any function of a Minister of the Crown shall continue to be exercisable by him as regards Scotland for the purposes specified in section 2(2) of the European Communities Act 1972.

[^f00003]: S.I. 2005/925 as amended by S.I. 2005/2903 and S.I. 2006/737.

[^f00004]: The Environment Agency acts as registry administrator for the purposes of the Greenhouse Gas Emissions Trading Scheme Regulations 2005 – see regulation 26(2).

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Editorial notes

[^key-8a4a0f718c9a99eae03010ee19db79b7]: Regulations revoked (1.1.2013) by The Greenhouse Gas Emissions Trading Scheme Regulations 2012 (S.I. 2012/3038), regs. 1, 85(b)(ii) (with regs. 85, 87, Sch. 1)