The Greenhouse Gas Emissions Trading Scheme (Amendment) (Charging Schemes) Regulations 2012
These Regulations deal with matters arising from the duty to transpose into United Kingdom law Directive 2003/87/EC of the European Parliament and of the Council establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC (“the EU ETS Directive”), as amended in particular by Directives 2008/101/EC and 2009/29/EC of the European Parliament and of the Council. Under the emissions trading system established by those Directives (“EU ETS”), an overall cap is set for emissions of greenhouse gases from specified activities. Operators must monitor and report emissions, and surrender sufficient emissions trading allowances to cover their emissions for each year. Under the amendments made by Directive 2008/101/EC, the system covers emissions from aviation activities as well as from stationary installations. A new phase of the system (“Phase 3”) begins on 1st January 2013.