EU ETS Directive 2003/87/EC—snapshot
EU ETS Directive 2003/87/EC—snapshot

The following Environment practice note provides comprehensive and up to date legal information covering:

  • EU ETS Directive 2003/87/EC—snapshot
  • Brexit impact
  • Details for emissions trading and carbon pricing
  • What is the EU ETS Directive?
  • What does the EU ETS Directive apply to?
  • Phased implementation
  • Greenhouse gas permits
  • National Allocation Plans in phases I and II
  • Commission allocation from phase III
  • Dealing with the surplus of emission allowances
  • More...

Title Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC (EU ETS Directive)
Entry into Force25 October 2003
Deadline for Transposition31 December 2003
Amended byFor a list of all amendments, see EUR-Lex. Key related directives include the linking Directive 2004/101/EC; Aviation Directive 2008/101/EC (entry into force 2 February 2009; transposition deadline 31 December 2012); Directive 2009/29/EC (Revised Directive) (entry into force 25 June 2009; transposition deadline 31 December 2012); Directive (EU) 2018/410 (entry into force 3 April 2018; transposition deadline 9 October 2019)
England and Wales LegislationThe Greenhouse Gas Emissions Trading Scheme Regulations 2012, SI 2012/3038
SubjectClimate change, emissions trading

Brexit impact

11 pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. Any changes relevant to this content will be set out below. For further guidance, see Practice Note: Brexit—impact on environmental law and News Analysis: Brexit Bulletin—key updates, research tips and resources.

Details for emissions trading and carbon pricing

For further information on the impact of Brexit on

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